MBA 695: Strategy and Executive Decision Making

The course explores the intersection of strategic decision-making, behavioral economics, and game theory to equip students with a comprehensive understanding of how individuals and organizations make choices in competitive and uncertain environments. Students will examine both rational and strategic frameworks and the psychological biases, heuristics, and risk preferences that shape decision-making. The course integrates concepts from behavioral
economics--such as prospect theory, loss aversion, and bounded rationality--with game theoretic models of competition, cooperation, and negotiation. Through case studies, simulations, and decision-making exercises, students will learn to design strategies that account for both rational analysis and predictable irrationality. Topics include competitive dynamics, strategic interactions, incentive structures, and cognitive biases in business and policy decisions. By the end of the course, students will be able to develop more effective decision strategies by balancing logic, psychology, and strategic foresight.