Interactive Decisions
Certificate Course - Management & Leadership - MM_MSc.5.3.I26
| Date | Dec 13 - 15, 2027 |
| Duration | 3 days |
| Location | On campus - Karlsruhe |
| Language | English |
| ECTS | upon request |
| Cost | 2,050 € |
Course prerequisites - No formal prerequisites, but basic knowledge of probability theory and calculus will be helpful.
Fundamentals
Understand core concepts of game theory, strategic interaction, and key principles in economics and management sciences.
Technology
Analyze formal game-theoretic models and behavioral approaches to study decision-making and strategic behavior.
Applications
Apply game theory to real-world economic and management problems while recognizing limits of classical models.
What you'll explore
- Understand key concepts of strategic interaction, including dominated and dominant strategies, Nash equilibrium, and classic examples such as the Prisoners’ dilemma.
- Analyze dynamic games using game trees and apply solution concepts such as subgame-perfect equilibrium to study sequential decision-making.
- Examine games of incomplete information, expected utility theory, and Bayesian Nash equilibrium to understand decisions under uncertainty.
- Explore applications such as auction theory and experimental game theory, including ultimatum and dictator games.
- Integrate insights from behavioral economics and concepts like level-k thinking to better explain real-world decision behavior.
Your key takeaways
- Understand fundamental concepts and formal results of game theory in a mathematically rigorous way.
- Infer behavioural implications of game theory and apply basic models and concepts in real-world contexts.
Taught by recognized experts in Interactive Decisions
Benefit from the knowledge of leading specialists with extensive experience in research and industry. Their deep expertise guarantees a course of outstanding academic and practical quality.
Prof. Dr. Clemens Puppe
Prof. Dr. Clemens Puppe is a leading scholar in microeconomic theory at Karlsruhe Institute of Technology (KIT), specializing in individual and collective decision-making. His research has been widely published in top international journals such as the American Economic Review, Econometrica, and the Journal of Economic Theory. He is also an editor and scientific advisor for major academic handbooks and journals in economics and social choice theory. His academic career includes positions at the University of Bonn and visiting appointments at Harvard University, Princeton, Oxford, and other leading institutions worldwide. At KIT, he has held key leadership roles, including Dean and Senate member, and currently serves as Academic Director of the Digital Economics program.
Who should attend
This course is particularly beneficial for professionals in the following fields
- Economics and Decision-Making Professionals
Analysts, consultants, and specialists applying game theory and strategic interaction concepts to decision-making in competitive and cooperative environments. - Corporate Strategy and Management Professionals
Managers and business leaders responsible for strategic decisions, negotiations, and competitive positioning in dynamic markets. - Market and Competitive Analysis Professionals
Professionals working in market analysis, pricing, auctions, and competitive strategy, focusing on interactions between multiple decision-makers. - Negotiation and Strategic Interaction Roles
Professionals involved in negotiations, contract design, and stakeholder management, using interactive decision models to anticipate behavior. - Early-Career Professionals and Researchers
Graduates, PhD candidates, and academic staff in economics, business, or related fields seeking to build competencies in game theory and interactive decision-making.