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2017/2018  KAN-CJURO1017U  Advanced Game Theory

English Title
Advanced Game Theory

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory offered as elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc in Business Administration and Commercial Law, MSc
Course coordinator
  • Christina D. Tvarnø - Department of Management, Politics and Philosophy (MPP)
Main academic disciplines
  • Business Law
  • Economics
Last updated on 20-06-2017

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: The students should acquire skills in:
  • acquiring a deeper knowledge of game theory
  • using game theoretic concepts to analyze entreprises and institutions
  • understanding how social norms provide incentives for business decisions
  • understanding empirical applications of game theory
Course prerequisites
Bachelor in law or economics and basic knowledge of game theory
Advanced Game Theory:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 3 hours
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Winter
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Non-programmable, financial calculators: HP10bll+ or Texas BA II Plus
  • Books (including translation dictionaries), compendiums and notes in paper format
The student will have access to
  • Access to CBSLearn
  • Access to the personal drive (S-drive) on CBS´ network
At all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player). PLEASE NOTE: Students are not allowed to communicate with others during the exam : Read more about exam aids and IT application packages here
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

The course concerns topics related to cooperative and non-cooperative behaviors as analyzed and formalized by the game theory literature. We also analyze the possible solutions to  non-cooperative behaviors, both within and outside the legal system (i.e., social norms). Furthermore, the focus is on the empirical analysis of game theory models. We use several papers to provide a broad range of applications.
The course will shed lights on how strategic considerations and quantitative methods complement each other in business decisions.


Teaching methods
lectures, games, cases, interaction
Feedback during the teaching period
Feedback in class due to the work and dialog in lectures, games, cases and other types of interaction in class.
Student workload
Lectures 32 hours
Preparation 140 hours
Exam preparation 34 hours
Further Information

Students are required to have a proper knowledge of the concepts in Chapters 1-5, 7, 11, 14-15, 19, 22, 26-27 of Dutta, Strategies and Games: Theory and Practice (The MIT Press, 1999). A basic knowledge of game theory is an essential requirement to be able to deal with a course of Advanced Game Theory.

Students are required to know how to calculate expected values.

Expected literature

collection of articles, cases and other types of material - and/or a textbook

Last updated on 20-06-2017