Strategy and complexity (intensive course)


Strategy and complexity
Contact hours
27 H
Number of spots
Open to visitors
Emmanuel Arakpogun

Pedagogical contribution of the course to the program

Développer un management à impact grâce aux connaissances et aux outils les plus récents dans les domaines du management

Developing a strategic and managerial vision in a complex, uncertain and changing environment
Design solutions adapted to organizational problems by applying relevant methodologies

Développer des compétences managériales de niveau avancé se traduisant par un leadership responsable

Co-build a managerial and organizational culture through collaborations and team projects
Effectively argue his ideas orally and in writing with a professional posture
Adopt a responsible leadership posture by being an actor in its own development and that of its teams

Mettre en place un management responsable par des pratiques reflétant les valeurs d’éthique, de diversité et de développement durable

Critically assess issues related to diversity, ethics and sustainability in the context of their professional practice

Pratiquer un management à impact dans un environnement multiculturel et international, porté par un "European mindset"

Communicate in a professional context in (foreign) languages, in writing and/or orally


CAUTION/ SYLLABUS CHANGES DURING THE SUMMER! We will discuss a variety of important concepts in the application of game theory and the economics of uncertainty. These include decision making under uncertainty, risk attitudes, extensions to the traditional model, Nash equilibrium, backward induction and subgame perfect equilibrium. We will also explore some relatively new uses of game theory and uncertainty, including behavioral economics.

Teaching methods


- Lectures

In group

- Exercises
- Oral presentations


- Discussions/debates


No items in this list have been checked.

Learning objectives

Cognitive domain

Upon completion of this course, students should be able to
  • - (level 1) define and appreciate various theories relating to strategic management
  • - (level 3) demonstrate how to use strategic management models and tools to diagnose organisational problems and generate strategic options that develop competitive advantage in an industry.
  • - (level 5) evaluate contemporary strategic management concepts, models and theories and their application in public, private and not-for-profit organisations.
  • - (level 5) assess real world strategic management data and communicate outputs in presentations and reports using real-world case studies.

Affective domain

Upon completion of this course, students should be able to
None affective domain have been associated with this course yet


A. Decision-making under uncertainty topic : Decision-making under Uncertainty: introduction # of lectures : 2 Chapter(s) : HR 1; ST 1, 2.1; RT: 19.4 topic : Risk attitudes # of lectures : 2 Chapter(s) : HR 2; ST 2.2 topic : Insurance and portfolio demand # of lectures : 2 Chapter(s) : HR 3; ST 2.3, 2.4 topic : Using information # of lectures : 1 Chapter(s) : HR 5; ST 19.4.3 topic : Anomalies and extensions to the traditional model # of lectures : 3 Chapter(s) : HR 1; RT 1, 5-8 B. Game Theory topic : Preliminaries # of lectures : 1 Chapter(s) : D: 1, 2; ST: 3 topic : Strategies # of lectures : 4 Chapter(s) : D: 4, 5, 6; G: 1; ST: 3, 4, 5, 6 topic : Dynamic Games # of lectures : 3 Chapter(s) : D: 6, 7, 8; G: 2, 3; ST: 7, 8, 9, 10 topic : Moral Hazard # of lectures : 2 Chapter(s) : G: 3.1; ST: 12 topic : Adverse selection # of lectures : 2 Chapter(s) : G: 3.2, 4.1; ST: 12 topic : Signaling # of lectures : 2 Chapter(s) : G: 4.2, 4.3; D: 7, 8, 9 topic : Applications # of lectures : 3 Chapter(s) : D: 10, 11, 12, 13

No prerequisite has been provided

Knowledge in / Key concepts to master

Instructor approval

Teaching material

Mandatory tools for the course

No items in this list have been checked.

Documents in all formats

No items in this list have been checked.

Moodle platform

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- Pack Office (Word, Excel, PowerPoint, Access)

Additional electronic platforms

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Recommended reading

Richard Thaler, The Winner’s Curse (RT) ; Dixit and Nalebuff, The Art of Strategy (D); Gibbons, Game Theory for Applied Economists (G); Tadelis, Game Theory (ST);

Machina, M., "Choice Under Uncertainty: Problems Solved and Unsolved," Journal of Economic Perspectives 1(1), Summer 1987, 121-154 ; Kahneman, D., Knetsch, J., and R. Thaler, "The Endowment Effect, Loss Aversion, and Status Quo Bias," Journal of Economic Perspectives 5(1), 1991, 193-206 ; Tversky, A., and R. Thaler, "Preference Reversals, "Journal of Economic Perspectives 4(2), 1990, 201-211 ; Lowenstein, G. and R. Thaler, “Intertemporal Choice,” Journal of Economic Perspectives 3(4), 1987, 181-93.

EM Research: Be sure to mobilize at least one resource

Textbooks, case studies, translated material, etc. can be entered
No reading material has been provided.


List of assessment methods

Final evaluationLast class
Written (50 Min.) / Individual / English / Weight : 50 %
Details : Multiple Choice Questions (MCQ) exam will comprise of 50 questions [1 mark each] on contemporary strategic management concepts, models and theories covered during our sessions.
Final evaluationLast class
Oral / Group / English / Weight : 50 %
Details : PPT Group presentations
No assessment methods have been attributed to this course yet.