Wirtschaftswissenschaften

Strategy and Games – An Introduction into Strategic Decision Making

Prof. Dr. Uwe Walz u.a.

Among other interesting topics, economists study how organisations and individuals make decisions. The decisions we make often depend on the expected actions of other people, which we must therefore take into account. For example, consider a big party with lots of people talking to each other. You want to be heard by your friends, and so you feel you should raise your voice a little bit. But so does everyone else, and all of you end up shouting even though everyone would individually prefer to speak normally. An important research tool for studying individual decision making in the presence of others, which many economists use, is called "game theory". It is intuitive and fun, and you will study it too as part of your course. To experience a flavour of game theory, come and join the game we will play with you at the workshop.

Der Workshop findet auf Englisch statt.

 (Bild: bigstockphoto.com)

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