3518c04180 Nalebuff, who teaches at the Yale School of Management, believe businesses can become more competitive by cooperating, hence the neologism "co-opetition." But it is not just any form of cooperation (like choosing not to keep score in volleyball so nobody loses) that will work. Here’s what’s new. The fate of one person is interdependent with the other; the move one person makes influences moves the other person will make. The British Navy used it for submarine warfare in World War II. Welcome to strategy+business.
“strategy+business” is a trademark of PwC. Click here to access your saved items, or click the X to go back to the article. Corporate executives aren't exempt from this desire. Neilson Dick and Emily Axelrods Method for Holding Better Meetings by Theodore Kinni How to Avoid Carve-Out Surprises by Thomas J. .. The Federal Communications Commission used it two years ago to devise an intricate auction of spots on the radio spectrum. From these examples, it's not hard to see how game theory can get very complicated very soon. A more prosaic instance of game theory is the old parental method of dividing up scarce resources, e.g., a cherry pie.
Joawian replied
490 weeks ago