Lead on Purpose

JUNE 11, 2009

In games like chess , one person wins and the other loses. Life in the business world at times feels like a zero-sum game. The following resources substantiate my claim that success is not a zero-sum game : According to Steve Farber — author of Greater Than Yourself — the only way for knowledge to truly lead to power in a person’s life is for that person to give it away. There are probabably more than one game being played in this situation.

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Game Theory Succession Covey Outsourcing 122

Harvard Business

SEPTEMBER 26, 2016

“Politics is not a game,” Winston Churchill once said. ” And yet like any business, politics is rife with strategic challenges and opportunities that game theory can help elucidate. Politics is indeed an earnest business, but Garland’s stalled nomination shows how politics is also a game, albeit one that cannot be reduced to simply winning or losing. HBR STAFF. “It is an earnest business.”

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Game Theory Politics Consensus Committee 34

Lead on Purpose

AUGUST 29, 2016

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 → Trust Uncategorized achievement positive success

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Positioning Game Theory Succession 122

Lead on Purpose

AUGUST 29, 2016

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 → Trust Uncategorized achievement positive success

Positioning 122

Positioning Game Theory Succession 122

leaderCommunicator

AUGUST 14, 2020

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.

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Game Theory Crisis Cooper Strategy 84

First Friday Book Synopsis

APRIL 18, 2011

To check out all the resources, sign up for free email alerts, and obtain subscription information, please click here. * * * Al Roth, expert in game theory, experimental economics, and market design, is all about getting economists more [.]. Here’s an article written by Martha E. Mangelsdorf and featured online by MIT Sloan Management Review.

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Game Theory Marketing Resources Information 77

CO2

SEPTEMBER 26, 2013

The payoffs hedge fund employees are real, but the business has the feel of a game. They follow the game theory as outlined in the Prisoner’s Dilemma –where as long as both prisoners accused of a crime stay silent, they both receive the least punishment. The game may be up for SAC. by Gary Cohen. SAC Manager Arrested for Insider Trading at Hedge Fund.

Hedge 69

Hedge Game Theory Guidelines Efficiency 69

Let's Grow Leaders

SEPTEMBER 15, 2014

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. John’s frustration had turned to exacerbation. He’d done everything he could to position himself for the next promotion. His results were amazing.

Management 172

Management How To Game Theory Wilde 172

My Own Coach

MARCH 4, 2013

But there was something engaging in this fifteen minute short about economics and game theory. The programme ended with this thought provoking statement: " You can solve game theory, but in the complexity of life there is always a bigger game " It reminded me of an excellent book that I came across a few years ago, that shifted my approach to competition. Called Finite and Infinite Games by James P. As finite games are everywhere in business.

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Game Theory Short-term Long-term Books 28

Harvard Business

SEPTEMBER 28, 2017

Game theorists have long studied how the “game” of communication and disclosure should play out between consumers and marketers, and how consumers should interpret missing information (i.e., According to game theorists, no. So, the theory goes, every patient will know that a surgeon who does not disclose has one star. However, it was somewhat in line with game-theory predictions regarding disclosure.

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Game Theory Information Policies Hotels 32

Strategy Driven

OCTOBER 11, 2019

Some economists explain brands from a game-theory perspective. They say that brands are a mechanism for companies to engage customers in repeated games. No trust can be created in a one-time game. Because it’s a one-time game. That’s because stopping at a McDonald’s right off a highway is a one-time game for that specific location. It’s only a repeated game from the perspective of the company’s national headquarters.

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Franchising Real Estate Game Theory Consultative 11

Ask Atma

MAY 6, 2011

Game theory applications – tapping into mutualistic dynamics. [A 5 minute talk given at LA Hackers on April 23, 2011 at Coloft]. My name is Atma. I am an industrial psychologist. That’s kind of like a project manager on academic steroids. I specialize in the psychology of organizations and am currently working on my PhD in this topic. Part of the power of organizational psychology is that it leverages emotional energy.

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System Charisma Game Theory Environment 43

Harvard Business

MARCH 2, 2017

Through a clever mix of game theory and cryptography, bitcoin replicates financial systems’ ability to transfer value, but without any of the labor typically involved in running and securing transactions. To understand the transformation that’s being brought about by blockchain technology, it’s useful to start with its largest implementation to date: bitcoin.

Finance 35

Finance Decentralization Supply Chain Maturity 35

Harvard Business Review

OCTOBER 15, 2014

He then usually brings in the tools of game theory, in which his protagonists have to contend with other rational actors and the moves they might make. The basic story is that early antitrust and regulatory ideas that didn’t have much basis in economic theory were brushed aside in the 1970s and 1980s by the University of Chicago-based “law and economics” movement, which basically taught that competition conquers all, even in pretty concentrated industries.

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Rivkin Game Theory Porter Finance 8

Ask Atma

MAY 20, 2012

You must have an attitude of, “Everybody wins or the game’s not worth playing.” Economics and game theory also provide valuable insight into the study of trust (cf. If You Want Remarkable Teams… Build for Collaboration. If you want a great race car, you build it for speed. If you want great teams, you build them for collaboration.

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Team Goleman Knowledge Management Construction 48

Harvard Business Review

MARCH 12, 2012

By translating game theory into pragmatic business strategy, Co-opetition cleverly showed companies a new path to revenue growth: It's better to own 20 percent share of a $10 billion market than it is to own 75 percent share of a $2 billion market. Therefore it's time to extend the concept of game theory to upstream activities too. There's a flawed belief that your only 'friends' in business are the enemies of your enemy. At one time, this axiom held true.

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Co-Opetition Brandenburger Nalebuff Game Theory 12

Harvard Business Review

JUNE 17, 2013

Game Theory is useful for understanding strategic interactions when parties have competing interests. Game Theory can help us understand how better to defend the system, or conversely, how better to evade it. Game Theory is also useful for studying how cooperation can evolve among independent parties, which can guide the choice of policies to encourage desirable behavior.

Game Theory 8

Game Theory System Diversity Incentives 8

Harvard Business Review

JUNE 15, 2012

It includes decision analysis, game theory, and operations research. Leaders need to understand complex, uncertain dynamic environments well enough to anticipate how initiatives will fare. To that end, they must ensure that critical information is gathered and synthesized. That, in turn, requires recruiting, rewarding, and retaining the best people that their resources allow, then enabling them to use their talents to the fullest.

Kahneman 12

Kahneman Committee Analysis Game Theory 12

Harvard Business

FEBRUARY 14, 2017

In game theory, this sort of situation is known as a “chicken-and-egg problem.” ” Fortunately, game theory provides a way to crack such strategic challenges: by incentivizing either side to “move first” in choosing legal over undocumented immigration. President Trump campaigned on a promise to “build a great, great wall on our southern border.”

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Policies Incentives Document Game Theory 37

Harvard Business Review

AUGUST 18, 2014

Harvard has used high-stakes poker as a real-world game theory laboratory for strategic thinking. Demonstrable talent and success at games that mix competitive fire with social skills make a desirable human capital combination. There’s a perceived correlation between real competence in serious games and business effectiveness. A top IT executive recruiter, for example, noted that “his clients haven’t sought hires with game experience.”

Hedge 8

Hedge Bond Human Capital Game Theory 8

Harvard Business Review

JUNE 15, 2015

But there’s some evidence to suggest that showing trust in others actually helps them trust you more – researchers who study game theory consistently find that when one person shows faith in another, the second person’s faith in others also rises. When Netflix’s founder Reed Hastings published the company’s Reference Guide on our Freedom and Responsibility Culture on SlideShare it made an unexpectedly huge impact.

COO 9

COO Game Theory Document Travel 9

Harvard Business Review

OCTOBER 4, 2013

It’s a game , played by flawed-but-not-crazy human beings under confusing circumstances. Peyton Young’s “ The Evolution of Conventions ,” one of several works of game theory I plowed my way through this week in an attempt to find a way to think about the government shutdown and looming debt ceiling fight that didn’t make me want to bang my head against a wall. The debt-limit game. But the lesson from game theory is that yeah, schmoozing can help.

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Game Theory Politics Welch Proposal 9

Harvard Business Review

SEPTEMBER 10, 2014

It’s an expert use of product design, network effects, and game theory all wrapped up in one move. Yesterday, hardware stole the show at the Apple unveiling. But Apple’s most impressive achievement on display at yesterday’s announcement was not a technological feat — although the technology on display was certainly impressive. Apple’s great feat was the use of their scale to swiftly get the world lined up behind a new model for payments.

CTO 8

CTO Game Theory Maturity Proposal 8

Harvard Business Review

NOVEMBER 6, 2012

I spent four years in Australia and another in Europe discovering the ways my theory worked — and didn't work — in the real world. The conundrum would not get out of my head, and after months of thinking and researching everything from game theory to IP law, I came up with a business model that would, in fact, make the problem irrelevant (in theory).

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Game Theory Wilde Drucker Disruptive Innovation 10

Harvard Business Review

SEPTEMBER 24, 2013

But my experience is all working with baseball data, or learning game theory because you want to be better at poker, right? Einstein supposedly said that I don’t trust any physics theory that can’t be explained to a 10-year-old. The future is so different than the past and we really can’t rely on it at all, so it’s really an intuition game.’

Hedge 15

Hedge Game Theory Education Incentives 15