Use chance, variance, and good old-fashioned math to gain an upper hand in everything from parlor games to business decisions.
Games are fun, but game theory is more than just fun and games. Part math and part clever strategy, game theory assesses situations and maximizes the chance to win—whether you’re playing games, running a business, or just making decisions in your day-to-day life. In this workshop, you’ll build analytic skills to combine experience with theory in all sorts of situations, from strategic board games like Diplomacy to probabilistic games like roulette and poker. Start by playing the games to learn the rules, then discover how to hack them with game theory. Finally, put your newfound skills and insights to the test in games against your friends. .
What you'll do
The Art of Negotiation
Calculate the proper time to concede during a negotiation and the right time to betray an opponent by playing games and simulations based around the "prisoner’s dilemma."
The Science of Calculation
Use math to model the future, measuring the probabilities and expected value of certain strategies and the corresponding variance.
The Power of Simulation
Design a winning strategy for a small business in a perfectly competitive industry by selecting the three P’s (pricing, plant size, and production). Then take the business simulation to a whole new level with research and development spending, marketing, and charitable giving.
