This blog post explores how to use game theory to gain a competitive edge in various scenarios. Out-Think: Using Game Theory to Outsmart Anyone
In the popular imagination, "outsmarting" someone feels like a scene from a movie—a brilliant detective uncovering a hidden clue or a chess grandmaster seeing twenty moves ahead. But in reality, outsmarting your competition isn't about being "smarter" in the IQ sense. It’s about : the mathematical study of strategic decision-making. Out-think! : how to use game theory to outsmart...
Stop looking for the "best" move in a vacuum. Instead, ask: "Given what my opponent is likely to do, what is my best response?" If everyone is doing the same thing, you’ve found the equilibrium. To outsmart them, you must find a way to change the "rules" of the game so that the equilibrium shifts in your favor. This blog post explores how to use game
In a salary negotiation, don't just ask for more money. Imagine the moment the contract is signed. What did you have to offer to make the boss feel they won? Work backward from that "win-win" feeling to structure your initial request. 2. Identify the Nash Equilibrium It’s about : the mathematical study of strategic
In games like Rock-Paper-Scissors or Tennis, if you always do the same thing, you become predictable. Predictability is the death of strategy.
Imagine the final stage of your negotiation or project. What is the last possible move? Once you know how the "endgame" looks, you can determine what the second-to-last move must be to get there, and so on, all the way back to the present.
A "Zero-Sum" game is one where my gain is exactly equal to your loss (like Poker). Most of life, however, is .