Indian Institute of Management Lucknow

Game Theory for Strategic Thinking

Indian Institute of Management Lucknow

Operations Management
Partner Institution

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About Programme

This program explores the interconnected choices we make that impact others and the decisions others make that influence us. It offers a systematic framework for analyzing strategic interactions in various contexts. While popularized by films like “A Beautiful Mind,” game theory extends far beyond traditional games like chess, poker, or soccer. It encompasses the modeling of complex scenarios such as international conflicts, political campaigns, auctions, and competition among firms. The course blends theoretical insights with practical examples, featuring classic games and real-world applications to deepen understanding and enhance strategic thinking.

Programme Content

Games Theory : Introduction, overview, uses of game theory, some applications and examples, and formal definitions of: the normal form, payoffs, strategies, pure strategy Nash equilibrium, dominated strategies.

Simultaneous Move Games with Pure Strategies.

Iterative Deletion and the Median-Voter Theorem.

Best Responses in Soccer and Business Partnerships Nash Equilibrium: Dating and Cournot

Nash Equilibrium: Shopping, Standing and Voting on a Line

Mixed Strategies in Theory and Tennis

Sequential Games: Commitment, Spies, and FirstMover Advantages.

Backward Induction: Chess, Strategies, and Credible Threats

Auctions and the Winner & Curse

Revenue maximization

Programme Objective

The objective the programme to inculcate the structured thinking behavior among business leaders. The managers will learn how to resolve conflicts using structured thinking. The other goal is to explain how to see and analyze a problem from multiple angles.

Pedagogy

The programme will be delivered using an interactive mix of case studies, experience sharing, lectures, discussions, group work and videos.

Programme Audience

This course will be most useful for senior and middle level executives in public and private sector enterprises as well as multinational companies operating in India. Managers who aspire to be in the top echelons of organizational management, consultants and executives in key positions would benefit by attending this programme.

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Prashansa Uttam

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+91 9403890085[email protected]Mon – Fri, 9am – 5pm IST

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Game Theory for Strategic Thinking | IIM Lucknow