MSc in Business Administration and Data Science
Game Theory for Business and Data-driven Decision Making
About the course
What you will learn
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
- Understand and model strategic behaviour in cooperative and non-cooperative situations.
- Know various solution concepts and be able to find such solutions for cooperative and non-cooperative games.
- Know the significance of the difference between games with perfect and imperfect information as well as the difference between games with complete information and with incomplete information.
- Demonstrate the understanding of different types of games and their suitability to wide variety of business scenarios or societal phenomena.
- Be able to model and apply game theory concepts in business and other real life applications.
- Identify business and real-life situations in which game theory can add value.
- Exhibit more profound knowledge and understanding of the topics as part of the project and the report should reflect on critical awareness of the methodological choices with written skills to accepted academic standards.