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Lecturer(s)
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Chládek Petr, Mgr. Ph.D.
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Houda Michal, Mgr. Ph.D.
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Čapková Tereza, Ing.
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Klicnarová Jana, doc. RNDr. Ph.D.
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Course content
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1 - Introduction into Decision Theory. 2 - Basic Rules in Decision Theory. 3 - Decision under Risk and Uncertainty. SW. 4 - Decision Making with Experimentation. Bayes' formula. 5 - Prior and Posterior probabilities. Value of Experimetation and Value of Perfect Information. 6 - Decision trees. 7 - Utility Theory. Estimation of utility function parameters. 8 - Markowitz' model of portfolio optimization. 9 - Scenario approach to portfolio optimization. 10 - Introduction into Game Theory. 11 - Antagonistic conflict, graphical solution, solving by LP method. 12 - Two-person nonconstant-sum games. 13 - Oligopolies. 14 - Simulation.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming)
- Class attendance
- 42 hours per semester
- Semestral paper
- 42 hours per semester
- Preparation for credit
- 28 hours per semester
- Preparation for exam
- 28 hours per semester
- Preparation for classes
- 28 hours per semester
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Learning outcomes
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The aim of the course is to teach students to analyze selected problems in the field of economic process management using mathematical models, to acquaint them with the possibilities of applying methods of decision theory and game theory and to teach them to use these quantitative methods in decision making, incl. use of appropriate software.
The students will acquire basic understanding of the fundamentals of decision processes and game theory, including the underlying mathematical tools and software.
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Prerequisites
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Ekvivalence: KMI/MDT1 Models of Decision Theory
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Assessment methods and criteria
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Combined exam, Test
Requirements for credit: duly submission of seminar works. Written and oral exam. It is necessary to have at least 50 percent of points from the exam test to pass the written part. To pass the oral part it is necessary to answer at least one of three questions.
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Recommended literature
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FRIEBELOVÁ, J., KLICNAROVÁ, J. Rozhodovací modely pro ekonomy. EF JU Č. Budějovice, 2007.
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Gros, I. Kvantitativní metody v manažerském rozhodování.. Praha: Grada Publishing, 2003. ISBN 80-247-0421-8.
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HILLIER F. S., LIEBERMAN G. J. Introduction to Operations Research.. New York: McGraw-Hill, 2010. ISBN 978-007-132483-0.
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Klicnarová, J. Rozhodovací modely [studijní text v Moodle]. Č. Budějovice, EF JU.
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Maňas, M. Teorie her a její aplikace. Praha, SNTL, 1991.
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Peterson, M. An Introduction to Decision Theory. London, Cambridge University Press, 2017. ISBN 978-1-107-15159-8.
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PITEL, J. a kol. Ekonomicko-matematické metódy. Bratislava, Príroda, 1988.
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VANĚČKOVÁ, E. Rozhodovací modely II. ZF JU České Budějovice, 1998.
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