Game theory applications in business

Module title:

Game theory applications in business

Module overview:

This module aims to provide students with a comprehensive understanding of the fundamental principles and diverse segments within the field of game theory. Students will explore the intricacies of game theory, gaining insights into how it classifies and analyses various types of games and how algorithms of game theory can help in everyday business.
The primary goal is to equip students with problem-solving skills applicable to simultaneous games with pure and mixed strategies, as well as sequential games. The goal is to demonstrate the application of game theory in everyday business, with a special focus on its application in software development and computing. Through this course, students will not only grasp theoretical concepts but also develop the ability to apply game theory in real-world scenarios.
In this module students will:
Explore the foundational principles of game theory and gain a comprehensive introduction to its key concepts and algorithms.
Engage in the classification and comparison of diverse segments within the field of game theory, fostering a deeper understanding of its varied applications.
Develop problem-solving strategies tailored for simultaneous games involving both pure and mixed strategies using game theory algorithms.
Analyse and enhance decision-making skills specific to sequential games, delving into the strategic nuances of sequential interactions.
Address uncertainty problems within gaming contexts through specialized approaches, refining their ability to navigate uncertainties within the realm of game theory.
Apply game theory algorithms in practical scenarios, particularly within business contexts, with an emphasis on critical evaluation and real-world applicability.
Apply game theory algorithms in application development and computing activities.
Get acquainted with application solutions on the market that incorporate elements of game theory and its algorithms.

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