STRATEGIC

MANAGEMENT

Seminar 11. Game theory and

practice.
Titov Sergei Anatolyevich, MBA, PhD,
satitov@fa.ru
PLAN FOR TODAY

 Play “Red-n-Black” game in different variations

 Reflect on your game experience
 BLACKS & REDS: NO
COOPERATION
 Play in pairs, one game in one
pair
 Simultaneous, hidden choice, no Other team’s Other team’s
Your color Your points
color points
negotiations Black Black -3 -3
 1 min per round
Black Red +5 -5
 On a page with number write
Red Black -5 +5
your family name, on another Red Red +3 +3
page write your choice – Red or
Black
 Based on the table you may
receive -5, -3, +3, +5
 BLACKS & REDS: NO
COOPERATION
 -5 means –> - 1 point for the
seminar and exclusion from the
Other team’s Other team’s
next round Your color
color
Your points
points
 -3 means -> exclusion from the
Black Black -3 -3
next round Black Red +5 -5
 +3 means -> 0 game point
Red Black -5 +5
 +5 means -> 1 game point
Red Red +3 +3
 When one player has the highest
points, game stops, and the
winner receives 2 extra seminar
points
 BLACKS & REDS: NO
COOPERATION
 Play in pairs, one game in one pair
 Simultaneous, hidden choice, no negotiations
 1 min per round
 On a page with number write your family Other team’s Other team’s
Your color Your points
name, on another page write your choice – color points
Red or Black Black Black -3 -3
 Based on the table you may receive -5, -3, +3, Black Red +5 -5
+5
 -5 means –> - 1 point for the seminar and Red Black -5 +5
exclusion from the next round Red Red +3 +3
 -3 means -> exclusion from the next round
 +3 means -> 0 game point
 +5 means -> 1 game point
 When one player has the highest points,
game stops, and the winner receives 2 extra
seminar points
 BLACKS & REDS: NO
COOPERATION
Other team’s Other team’s
 One season more for those Your color
color
Your points
points
who want to improve their Black Black -3 -3
results Black Red +5 -5
Red Black -5 +5
Red Red +3 +3
 BLACKS & REDS

 Table (normal) form

Black Red
 Players, actions,
outcomes, strategies, Black -3/-3 +5/-5
dominant strategy, Red -5 / + 5 +3/+3
Nash equilibrium
 STAG HUNT GAME
 Play in pairs, no negotiate,
simultaneous hidden choice
 1 min per round, several
rounds, the number of rounds
is uncertain
Black Red
 Choose your color, write on
Black 10 / 10 0/8
paper and give it to referee
Red 8/0 3/3
 Uncertain number of random
rounds
 Winner received +1 seminar
point
 STAG HUNT GAME

 Table (normal) form

Stag Hare
 Players, actions,
outcomes, strategies, Stag 10 / 10 0/8
Nash equilibrium, Hare 8/0 3/3
safe strategy, mixed
strategy
 BLACKS & REDS:
COOPERATION?
 Play in groups, you
may negotiate,
simultaneous hidden Other team’s Other team’s
Your color Your points
choice color points
 2 mins per round, Black Black -3 -3
exactly 3 rounds Black Red +5 -5
 Choose your color, Red Black -5 +5
write on paper and
Red Red +3 +3
give it to referee
 Winners receive 1
extra seminar point
 BLACKS & REDS:
COOPERATION?
 Play in groups, you may
negotiate,
simultaneous hidden Other team’s Other team’s
choice Your color Your points
color points
 2 mins per round, Black Black -3 -3
several rounds, the
number of rounds is Black Red +5 -5
uncertain Red Black -5 +5
 Choose your color, write Red Red +3 +3
on paper and give it to
referee
 Winners receive 1 extra
seminar point
 BLACKS & REDS:
SEQUENTIALS
 Rearrange teams, Other team’s Other team’s
Your color Your points
sequential game color points
 One team choose Black Black -3 -3
openly before Black Red +5 -5
another
Red Black -5 +5
 Odd numbers first,
then even number Red Red +3 +3
first
 BLACKS & REDS: NO
COOPERATION

 Tree (extensive) form

 Players, actions,
outcomes, strategies,
dominant strategy,
Nash equilibrium, first/
second move
advantages
SERVICIZATION
 SERVICIZATION: XAAS

PRODUCT
https:// -> https://
www.youtube.com
/watch?
v=Q4Li4750qwc& SERVICE www.youtube.com/
watch?
v=CNKccALnZWY&t=11
t=77s
6s
COMMODITIZATION
 PRODUCTIZING /
COMMODITIZATION

SERVICE
https://
-> https://

COMMODITY
www.youtube.com/ www.youtube.com
watch?v=DfwurlyAGWg /watch?
v=nS6x_Nvu4AE