BUS 221 Lecture Notes - Lecture 2: Decision Theory, Game Theory, Ideo
26 Sep 2015
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Blended course: 1 hr per week online (learn basic concepts, definitions and tools) and 2 hrs in class time (applications, more examples, tricky stuff) Game theory: when your decision isn"t the only one involved. Good decisions are based on good reasons- having them and communicating them. Decide who to hire and have your team to agree. Decide what the invest in and have your boss agree. Help your boss by laying out the facts for a major decision she needs to make. Evaluate an employee"s recommendation to switch suppliers for a key product. Understand a customer"s decision not to buy your product and get them to make a. An argument is a group of statements, in which reasons are given for a conclusion. Game theory is the branch of decision theory that deals with situations in which my decision interacts with someone else"s decision. According to video 1, the big idea of this course is that.
