Decision-making Models and Game Theory
Explore business modelling through simulation, decision-making and game theory.
Duration
0 weeksWeekly study
8 hours
Decision-making Models and Game Theory
We do not experiment with reality – we use mathematical models
This final short course explores modelling processes, including business simulation modelling and decision-making methods with a particular focus on conditions of uncertainty.
The course also examines the concept of game theory and its different multifaceted applications. You will also have the opportunity to learn about the key concepts, principles and examples of game theory to understand the strategic interaction between mutually aware players.
What topics will you cover?
- Simulation
- The process of simulation
- Decision-making: Decision trees
- Decision-making environment: Decision-making under uncertainty
- Game Theory
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Identify the process of simulation and benefits of modelling
- Identify decision-making analysis and its different methods and techniques
- Apply a decision tree to the decision-making process
- Explore decision-making techniques in different decision-making environments
- Explore game theory and its different multifaceted applications
Who is the course for?
This course is designed for students and entry-level data analysts who wish to pursue business analyst or data analyst careers.
Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.
Who developed the course?
Coventry University
Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.
Established
1992Location
Coventry
Learning on FutureLearn
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- Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
- Stay motivated by using the Progress page to keep track of your step completion and assessment scores
Join a global classroom
- Experience the power of social learning, and get inspired by an international network of learners
- Share ideas with your peers and course educators on every step of the course
- Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others
Map your progress
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- Whenever you’re ready, mark each step as complete, you’re in control
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