Operations Research - Game Theory Part 1
- You just need to know school level maths and have a good internet connection
I have already put up four courses under the series ‘Operations Research’ and have received good response from students all over the globe. Encouraged by the response so received, I thought of making this new course on Game Theory, a celebrated topic in Operations Research. It’s primarily a situation of two competitive players playing a ‘Game’ with each other when the payoffs are known to either parties fully. Both the players are assumed to be rational; that means they will not do anything that will hurt themselves. The course will introduce the basic concepts in game theory. What is covered is the basic concepts such as games with saddle point and games without saddle point. Games of pure strategies Vs games of mixed strategies. Easy ways of solving two by two games have been covered. After this the 'Rule of Dominance' has been covered, with a view to reduce the size of the game where ever possible. Even the modified rule of dominance has been covered. The course is initially proposed to be offered free of cost to the students, and therefore as per Udemy policies has to be kept under two hours duration. Once it finds acceptance among students, I may expand it to cover more topics under game theory and then make it a priced content.
Who this course is for:
- Students undertaking MBA, MS (in Management Sciences), those studying for BBA, CPA, Chartered Accountancy, Engineering, Technology, and similar
- 06:26Introduction to Game Theory
- 22:22Preliminaries in Game Theory, Saddle Point etc
- 14:43Practice problems on Saddle Point
- 20:30A 2 X 2 Game of mixed strategies
- 26:59Introducing the rule of dominance
- 12:24Rule of dominance - continued
Having completed a Master's degree in Physics, and an MBA in Financial Management, I worked in the industry from 1977 to 2002. Simultaneously to working, I was teaching when time permitted. From 2003 onward till date, I have become a full time teacher. I have taught students from several categories like Executive Programmes for Corporates, Chartered Accountants, Management Accountants, MBAs, CPAs, Engineers and BMS. After spending years in classroom teaching, now I thought it's time to get involved on a larger platform like Udemy. I was surprised that no course was available in Udemy in the subject of 'operations research'. I became the first faculty member all over the world to teach operations research on Udemy. As I write this in December 2020, that is in the first year after registration on Udemy, I have got close to 10000 registrations for my four courses, which I had decided to offer free of cost. I am now offering a paid course for the first time, about a year after joining Udemy. I look forward to an equally satisfying response to this course also.