Overview
In this programme, you'll discover how game theory offers valuable frameworks to navigate uncertainty and apply science to strategy. Game theory has applications across business, advertising, digital markets, M&A, cartels, and innovation.
You'll learn from an award-winning instructor who brings extensive research and consulting experience to his lessons. You will learn not just the theory behind behavioural economics concepts like Nash equilibrium, prisoner's dilemma, and winner’s curse but also get a chance to apply them through games, experiments, real-world case studies and corporate scenarios in engaging live sessions.
In the process, you'll answer some key questions like:
- How do modern businesses operate?
- Why is culture so difficult to change at firms and in economies?
- What is the unicorn mania that is trending these days?
- Why did Hyundai offer a 5-year warranty when the standard norm was 3 years?
- Why is winning risky in markets with uncertainty?
By the end of the programme, you will learn to:
- Devise winning strategies by understanding trade-offs between choices and competitive responses
- Make optimal decisions in complex and uncertain situations using game theory frameworks
- Use structured problem-solving and strategic-thinking to tackle complex problems
IIM Ahmedabad is one of the leading management institutes in India and globally, renowned for its research-driven learning and industry-aligned practices.
Want to learn more about this programme? Visit our FAQs section or contact exed@iima.ac.in.