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How to Help Managers Become More Strategic

Let's Grow Leaders

In mining, leaders must understand the strategic implications of cost curves, game theory, and real-options valuation; further, they must know and be sensitive to the stakeholders in their regulatory and societal environment, many of whom can directly influence their opportunities to create value.

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Why success is a positive-sum game

Lead on Purpose

In game theory and economic theory, zero-sum describes a situation in which one person’s gain is exactly balanced by another person’s loss. In games like chess, one person wins and the other loses. The win (+1) added to the loss … Continue reading →

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Why success is a positive-sum game

Lead on Purpose

In game theory and economic theory, zero-sum describes a situation in which one person’s gain is exactly balanced by another person’s loss. In games like chess, one person wins and the other loses. The win (+1) added to the loss … Continue reading →

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How Teams Can Function When They Have Conflicting Goals

The Horizons Tracker

This was joined by a computer model that utilized Bayesian statistics and differential game theory to simulate such interactions. “Game theory has had a huge impact in many fields, including economics, political science, linguistics, operations research, and more,” the researchers say.

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Weekly Round-Up: 3 Lessons in Mental Toughness, Supporting Employees During COVID-19, Test of Leadership, Creating a Crisis Communications Strategy

leaderCommunicator

If you've seen the movie, "A Beautiful Mind," you'll know John Nash was the Princeton genius who received the Nobel Prize for founding non-cooperative, Game Theory. What you might not know is, by Nash's reckoning, several tools of mental toughness were instrumental in his winning his life-long battle with schizophrenia.”

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Would You Pay To Change A Game Before Playing It?

The Horizons Tracker

Games are largely seen as enjoyable ways to pass the time, with the outcome not to be taken too seriously, but of course game theory defines games more broadly as any interaction between decision makers who probably have well-defined (if different) preferences. Bending the rules. ”

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The Small Number Of Autonomous Cars Required To Improve Traffic Flow

The Horizons Tracker

“Without regulations on AVs, we face a classic example of game theory paradox, such as the prisoner’s dilemma, where each vehicle tries to optimize its driving speed but the overall traffic flow is not optimal.