Game Theory

Management > Crisis Management > Lectures > Independent Research > Game Theory

Some basic stuff

I looked up some information on game theory and thought about how it applies to Crisis Management (with regards to the swiftly taught lecture on simulations and scenarios). It is quite basic, but it should help give an idea of what it is all about!

Nash Equilibrium

Business Nash Equilibrium

Strictly dominated strategy

SDS for companies

Iterated elimination of dominant strategies (IEDS)

Minimax

Backward induction

Forward induction

Links to useful websites:

http://en.wikipedia.org/wiki/Game_theory (where I got my information from!)

http://www.gametheory.net/resources.html