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"Game Theory, Neuroscience, and Strategic Thinking" A Sasin Masterclass by Dr Brett Saraniti, October 2017

Biography

Kellogg School of Management
Visiting Professor of Managerial Economics & Decision Sciences

Brett Saraniti received his PhD in Managerial Economics and Decision Sciences from the Kellogg School of Management at Northwestern University in 1997.  His dissertation chair was Roger Myerson, Nobel Laureate 2007.  He is currently a Professor of Economics and Quantitative Methods at Hawaii Pacific University where he has taught full time since 1997.

In addition to teaching at HPU, Brett has taught MBA and executive courses at Kellogg every summer since 1995 where he has been honored with two teaching awards.  He has also taught in the Kellogg-Recanati program in Tel Aviv and the Kellogg-HKUDST program in Hong Kong.  Brett has been a visiting professor at INSEAD every year since 2008 winning the Best Teacher Award for the Core Classes in September 2008.  He has been a frequent visitor at the Sasin Graduate Institute in Bangkok, Thailand; IESE in Barcelona; the Brisbane Graduate School of Business in Queensland, Australia; the Thunderbird School of Global Management; and the Helsinki School of Economics and Business Administration in Finland.  He has also delivered executive management seminars through the Haas School of Business at Seminarium International in both Chile & Costa Rica.

Professor Saraniti is the author of two textbooks: Managerial Statistics: A Case Based Approach, with Peter Klibanoff, Boaz Moselle, and Alvaro Sandroni, and (forthcoming) Vital Statistics: Statistics for Business and Economics with William Sandholm.

He has also worked, taught, and/or consulted for McKinsey & Company, Xerox Corporation, Hiscox Insurance, Chevron Oil Field Research, LG Electronics, Cantor Fitzgerald/Hollywood Stock Exchange, Alstom, Unext.com, Love & Kirschenbaum LLC (expert witness), MRJ Technologies, Chipin.com, Carddomains.com, Lee Ceramics, and Surflight Hawaii.

Brett spends most of his time at his beach house in Waialua with his wife Samantha and their three children Francesca, Carlo & Enzo who enjoy beating him at Monopoly and beating on him with Jedi Light Sabers.

Education Ph.D., 1997, Managerial Economics and Decision Sciences, Northwestern University

B-Sci, 1992, Mathematics, Harvey Mudd College

Academic Positions Professor of Economics and Quantitative Methods, Hawaii Pacific University, 1997-present

Visiting Professor of Managerial Economics, Kellogg School of Management, Northwestern University, 1997-present

Visiting Professor, INSEAD, 2008-2009

Honors and Awards Chairs’ Core Course Teaching Award, Kellogg School of Management, 2000-2001

Education Academic Positions Honors and Awards

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Cases

Saraniti, Brett. 2008. The Hawaiian Airline Industry, 2001–2008. Case 5-108-005 (KEL351).

Two Hawaiian airlines' cooperative environment is disrupted by the entry of a third competitor, Mesa Airways. The price war leads to fares as low as $0 and causes more than $100 million in losses in the first year with no end in sight. Industry risk factors for price competition were reduced in 2001 when the government granted a one-year reprieve from anti-trust laws, but increased dramatically after Mesa's announced entry. The learning objective of this case is to demonstrate how industry risk factors drive price competition. The initial circumstances are supportive of a tacit collusion between two firms; following the entry of the third airline, conditions were more conducive to a devastating price war.

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