[Member Exclusive] Engagement Programme Series – Game Theory: A Language of Competition, Cooperation and Strategic Moves

CPT/CE Eligibility (A Recognized CPT Provider)

CPT hour(s)	1
PL (CE) hour(s)	1
RBV CPD hour(s)	1

EVENT DETAILS

(CODE: 210513LU-CEX)

To Register for Each Session :

Introduction

 In everyday language, life is often said to be “just like a game”.  When a football match ends, it is “game over”.  In economics, we have various versions of the “Prisoners’ Dilemma” game.  Moreover, the award-winning movie “A Beautiful Mind” depicts the story of John Nash, the first Nobel Laureate who is accredited to spearheading the theory.   

Business competitions, stock investments, political campaigns, social interactions, the evolution of the species, and many others, can all be regarded as some kind of “game” in which agents or individuals try to do their best against others. Game theory provides a general and mathematical framework to describe and analyze how we behave in such “strategic” situations. 

In a series of talk, the Society will provide some overviews of game theory. Our main goal is to understand the basic ideas with real-life applications behind the key concepts and assumptions of the models developed in this school, such as Nash equilibrium, Shapley value, rationality, and conflicts and cooperations.  Our speakers may use some mathematics, but the emphasis will be on the practical use of the theory. They are ideal for those who are looking for an understanding of the practicality of game theory to investments or business decisions.

Programme Content 

In this mini series, we will cover:  

1. Session One – Game Theory: A Language of Competition and CooperationBy: Prof. Wooyoung Lim, Associate Professor of Economics, School of Business and Management, The Hong Kong University of Science and Technology  

1.1. Basic concepts of game theory
1.2. Importance of game theory
1.3. A few practical examples of game theory including mechanism design (auction design) and market
design (school matching and kidney exchange).

2. Session Two – Competition, Cooperation, and Rational ChoiceBy: Mr. Aloysius Lui, Sessional Lecturer, Department of Business Administration, Hong Kong Shue Yan University 

2.1. A brief introduction of two main classes of games, non-cooperative and cooperative games.
2.2. A market with two players will be used to illustrate non-cooperative games and the concept of Nash
equilibrium.
2.3. The Paris Agreement and China’s Belt and Road Initiative will be used to illustrate how concepts of
cooperative games can be applied in real-life. Shapley value as a solution concept will be introduced.

3. Session Three – How Not to Win a Game? – Strategic Moves and Rationality in GamesBy: Dr. Fred Ku, Senior Lecturer, Assistant Dean (Undergraduate Studies), Director, Integrated BBA Programme, The Chinese University of Hong Kong 

3.1. Strategic moves in games
3.2. How “strategic” are decision-makers?

Remarks:

1.  This Series is exclusively for CFA Society Hong Kong members only.  Society staff will verify the membership status of each registrant.
2. Upon registration on the Zoom platform, each registrant will be given a unique link for each session, please do not share the link with others.
3. Participants who complete all 3 sessions will be awarded a Letter of Completion issued by CFA Society Hong Kong.

Prof. Wooyoung Lim
Associate Professor of Economics, School of Business and Management
The Hong Kong University of Science and Technology

Prof. Lim is Associate Professor of economics in the School of Business and Management, The Hong Kong University of Science and Technology. He received his PhD from University of Pittsburgh. Wooyoung’s research interests are game theory and behavioral and experimental economics. 

Prof. Lim has been writing several articles in game theory and experimental economics about strategic information transmission, emergence of grammar in the laboratory, public goods games, vaccination games and herd immunity, evolutionary game theory, etc.

Mr. Aloysius Lui 
Sessional Lecturer
Department of Business Administration
Hong Kong Shue Yan University

Mr. Lui has four decades of experience with professional firms, Asian conglomerates, and Fortune 500 companies in Hong Kong, Canada, China, and Southeast Asian countries. He had held management positions across multiple business functions in the public accounting, aquaculture, oil and gas, engineering, packaging, and real estate industries. He is currently a research fellow at the SRS Consortium for Advanced Study in Dynamic Cooperative Games, a research centre dedicated for frontier game theoretic research, and a sessional lecturer at Hong Kong Shue Yan University, teaching game theory and management courses. Aloysius received his BA (Hons) and MA degrees in economics and an MBA from York University, Canada, and a MA in comparative Asian studies from the University of Hong Kong. His latest publications include a book chapter on dynamic cooperative games (co-authored), “China’s Belt-Road Initiative: The Political Economy of Coordinated Coalitional Cooperation”.

Dr. Fred Ku
Senior Lecturer, Assistant Dean (Undergraduate Studies)
Director, Integrated BBA Programme
The Chinese University of Hong Kong

Dr. Fred Ku, currently Assistant Dean and Co-Director of the Integrated BBA programme, joined CUHK Business School in 2009. He received his PhD degree from the Hong Kong University of Science and Technology. 

With expertise in business economics, he teaches economics and business analytics courses for EMBA, MBA, MAcc and UG programs. Dr. Ku has authored a book on economics and has also been an active case contributor to international economics textbooks. As a pioneering educator, he supervised the production of more than 10 video teaching cases and a business simulation game. His prominent contribution to teaching and learning has been recognised by the CUHK Vice-Chancellor’s Exemplary Teaching Award (2013 and 2018) and the CUHK Business School Faculty Teaching Excellence Award 2018-19.  

Dr. Ku is a believer and advocate of creating social value through business education. He’s the Project Leader of Business Education for Social Good (BESGO) Programme. 

Mr. Alvin Ho, CFA
Vice President and Society Secretary
CFA Society Hong Kong (moderator)

Mr. Alvin Ho, CFA, is an experienced investment principal with demonstrated track records in private equity. He is skilled in PE-styled investing, deal structuring, due diligence, corporate finance, IPO, and business re-engineering.  Acting as a managing director of a private investment vehicle, he looks to invest in several high growth sectors. Besides serving as a board member for several listed companies, he is also a member of the investment committees for several investment funds, platforms or foundations. Alvin was previously the legal representative or executive representative for the local currency funds incorporated in Beijing and Chengdu, and the Head of China for the private equity growth fund managed by the CLSA Capital Partners. The latter’s portfolios include companies that have grown into blue-chip status in various jurisdictions in Asia.

Alvin holds various post-graduate degrees from Tsinghua University and London Business School. He is currently an advisor to university programs. Alvin has authored two books in Chinese on the economics of sports, the latest being《超級巨星經濟學》 (or Superstar Economics).

Prof. Raymond H.C. Tsang, CFA
Director
CFA Society Hong Kong (moderator)

Mr. Raymond Tsang, CFA, is currently an Associate Professor of Practice at the Chinese University of Hong Kong (CUHK) and a Founding Fellow of the CUHK Engineering FinTech Applied Research Academy. Besides teaching in the areas of financial engineering and financial technology, he has been providing career advice for students, as well as performing liaison work linking up the industry and the academia. Before joining the academic world, Raymond was a rate derivatives trader at Bank of Tokyo-Mitsubishi UFJ, BNY Mellon, Susquehanna International Group and Bank of Canada. He has covered markets in Canada, United States and the Asia Pacific region.

Raymond received his Bachelor of Commerce degree in Finance and Management Information System at McGill University, Canada and Master of Science degree in Financial Mathematics at the University of Chicago, USA. He is a CFA Charterholder and a Financial Risk Manager (FRM). Raymond is a HKFA License D football coach and have been actively involved in other sports activities.

Remarks

This Webinar is a complimentary event for all members.

Members will be entitled to receive CPT Attendance Letter at NO extra costs after attending the FULL webinar. Please see below for further details.

CPT Attendance Letter

– Complimentary CPT Attendance Letter for members of CFA Society Hong Kong only.  
– To qualify for CPT/CE hours, all participants must attend the full webinar.  After the webinar, Society staff will verify participants’ check-in and check-out time from the registration system for the purpose of issuing CPT Attendance Letters.  No pro-rata credit hours will be awarded.

Other Details:

• CFA Societies Global Passport Program Eligible
• The event will be conducted in English.
• The webinar link and email confirmation will be sent to registrant upon successful online registration. 
• A webinar reminder will be sent out 1 day before the event. If you have not received the email confirmation and reminder, it is the delegate’s responsibility to contact CFA Society Hong Kong to confirm their place.
• The webinar will be conducted on Zoom.
• To qualify for CPT/CE hours, participants must attend the full webinar.
• Please log in the webinar link 10 mins in advance of the session start time to allow some time to solve the technical issues (if any) and the webinar will start promptly at 12:30 pm.
• For attendance-taking purpose, participants’ names and company names (if any) may be given to the speaker of this event.
• CFA Society Hong Kong will closely monitor and assess the ongoing situation of COVID-19 in the community.  Should there be any changes to the event dates and other arrangements, we will notify participants via SMS and/or email.  Notices will also be posted on Society’s website.  Please stay alert with our notifications.
• The event organizers reserve the right to change the format, date or speakers of the event due to unforeseen circumstances without prior notice.
• In case of dispute, the decision of CFA Society Hong Kong is final, and no further correspondences will be entertained.