Description
Instructor(s)/Supervisor(s)/Coordinator(s): Woo Young LIMThis course demonstrates how game theory can be utilized for decision making. It helps students to know how other players form their strategies and to identify one's own best strategy; use game theories to analyze entry or exit from businesses, change the perceptions of competitors, the extent of product differentiation and proliferation that is implied by competition; and formulate strategies to alleviate price competition among firms.