INTERACTIVE DECISIONS
Program Development - Adelaide, South Australia, Australia
INTERACTIVE DECISIONS Employees
INTERACTIVE DECISIONS Details
Many real-world competitive situations can be modelled as mathematical games describing the conflict and cooperation among rational and strategic decision makers and mathematical game theory is applied to several fields including economics, finance, negotiations, bidding at auction, election and voting, stock market, telecommunications etc.Our process to analyze competitive strategic situations involves the following stages:a) identifying the major players in a strategic situation who are the partners, competitors, buyers, regulators, external and internal stakeholders, suppliers etc., whose actions and reactions can be critical to the considered situation,b) determining what can each of these players do to affect the strategic situation i.e., what are their incentives, strategy sets, available choices, and the tactics,c) clarifying how each player's strategic moves/choices affect the utilities, benefits, payoffs of all the participants in the competitive activity. Mathematically speaking, this is same as determining the ‘utility functions' of the game,d) applying the analytical tools of game theory in determining the outcome of the strategic conflict, ande) developing an interpretation of the game-theoretical results that is helpful in making informed and strategically correct decisions.The process results in a detailed report detailing the best attainable outcome along with the identification of the:a) players with greater share of influence on the outcome,b) allies and opponents,c) coalition formations (hidden or apparent),d) threats and trade-off opportunities, ande) strategies to influence the actions of other players.INTERACTIVE DECISIONS uses group sessions, mathematical analysis, and game theory technical tools to prepare and interpret its reports.
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