Strategy Lessons From Jean Tirole

Harvard Business Review

Many of us who have wound up teaching strategy and doing research in strategy grew up learning game theory from Tirole’s textbook,” says Jan Rivkin, the chair of the strategy unit at HBS. As an example, Rivkin cites the notion of commitment, which Ghemawat wrote a book on. Game theory models, including some of Tirole’s models, show that a firm can sometimes advance its interests in odd ways,” Rivkin says. Corporate finance?