Applied Game Theory for Engineers and Managers
March 27 - 31, 2018
Organized by: Department of Economic Sciences, Indian Institute of Technology, Kanpur
Sponsored by: Quality Improvement Program, All India Council of Technical Education, New Delhi
About the Course
Game Theory has been employed for years in several disciplines of social sciences, most notably in economics and political science to successfully solve problems of competitive equilibrium and strategy formulation. By mathematically capturing the behavior of agents in strategic situations involving rational choices directed towards utility and profit maximization, Game Theory presents a powerful framework for optimal resource distribution. Even though the theory has been known for decades, it is only recently that the power and utility of such techniques has begun to attract the attention of professionals from various disciplines of management and engineering.
This course aims to provide participants with a comprehensive treatment of game theory with specific emphasis on applications in management and engineering. These concepts will naturally lead to a rich exchange of ideas across diverse fields, further enhancing the understanding and advancement of key areas.
To cover the vast spread of the applications of game theory, the course will include several modules on the concepts of market equilibrium, pricing, strategy planning, auctions and incentive design based strategy formulation, bargaining models and evolutionary game theory. In recent years, applications of game theory have been successfully extended to several areas of computer science and telecommunications such as 3G/4G wireless cellular networks and P2P networks. Moreover, it has been successfully employed in the analysis of social networks leading to the study of economic and strategic aspects of such networks. The course will provide a platform for in-depth discussions on several such novel applications of game theory.