Game Theory

The strategic choices of a firm are influenced by the actions of its competitors, who in turn take into consideration the possible moves of the firm and of other agents. Such interactions between competitors in making strategic decisions are common among firms as well as between people. Game Theory studies these scenarios and enhances our understanding of the parameters that determine decision-making in a multi-agent environment. The topics covered in the lesson are: Games with sequential moves. Games with simultaneously moves. Mixed Strategies. Linear programming and strategic games. Continuous games. Uncertainty in games. Games with incomplete knowledge. Complexity and games solution.

 

Recommended reading

In Greek:
  1. Nearchou A.C., Understanding games of strategy: an analytical approach through solved examples, Broken-hill publ., 2022.
  2. Nearchou A.C., Introduction to game theory, University of Patras publishing, 2017.
  3. Osborne M., An introduction to game theory, in Greek language, Kleidarithmos Press, 2010.

In English:

  1. Carmichael F., A Guide to Game Theory, Prentice-Hall publishers, 2005.
  2. Dixit A., Skeath and Reiley D., Games of Strategy, W.W.Norton & Company Press, NY, 2015.
  3. Osborne M. , An Introduction to Game Theory, Oxford University Press, 2003.
  4. Watson J., Strategy: An Introduction to Game Theory, W.W. Norton & Company, 3rd edition, London, 2013.