BUS 651 - Strategic Decision Analysis
Advanced topics and tools for analysis of decision problems, focusing on the complication of multiple decision makers. The course starts with the fundamentals of game theory and develops conceptual frameworks and analytical tools for strategic thinking and action. Applications include models of competition and cooperation, strategic moves, negotiation, auctions & bidding, fair division, coalitions, voting and group decisions. In addition, we explore the underlying psychology of decision makers - in ourselves and in the others we interact with - and develop methods for overcoming natural weaknesses and “decision traps” in strategic interactions. The objective will be to give each student better conceptual frameworks, more powerful analytical tools, and pathways for further exploration of those ideas that prove most important in their post-MBA careers.