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How Teams Can Function When They Have Conflicting Goals

The Horizons Tracker

Teams are understandably most effective when their goals are both clearly articulated, and shared between all participants. How do teams manage to function when their goals are conflicting however? The researchers believe their findings are crucial, as groups with conflicting goals are perhaps more common than those with common goals.

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Determining Liability In Accidents Involving Driverless Cars

The Horizons Tracker

The researchers built a game theory inspired model to show how actors might interact with one another. These actors include manufacturers, law makers, the vehicles themselves and human drivers, with each having differing goals. ” Modeling the world.

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Why Your Company Should Partner with Rivals

Harvard Business Review

The basic goal of competition — companies need to out-compete in order to out-perform — is now holding back companies from financial success, such as the protected one described above. Therefore it's time to extend the concept of game theory to upstream activities too.

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Better Ways of Thinking About Risks

Harvard Business Review

It includes decision analysis, game theory, and operations research. Evaluation serves these goals if it prizes learning; it undermines them if it ignores how difficult risk analysis can be. Leaders don't need to master them; they just need to know what they can do, so that they can match methods (and experts) to problems.

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Real Leaders Become Awakeners

The Empowered Buisness

The goal of a leader as coach is to improve the behavior of his/her team. John Nash –- behavioral economist and Nobel Prize recipient – is best known for advancing game theory and the equilibrium principle. When I work with leaders, my first goal is to uncover their mental maps. Most leaders’ roles and identities evolve.

P&L 100
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Nate Silver on Finding a Mentor, Teaching Yourself Statistics, and Not Settling in Your Career

Harvard Business Review

But my experience is all working with baseball data, or learning game theory because you want to be better at poker, right? In Moneyball that on-base percentage is better than batting average looks like ‘OK, well, the goal is to score runs. You’re trying not to make crazy generalizations across too many spheres.

Mentor 20
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How to Create Remarkable Teams PART 2 – Collaboration

Ask Atma

Economics and game theory also provide valuable insight into the study of trust (cf. Hirst, Giles; Van Knippenberg, Daan; Zhou, Jing; A cross-level perspective on employee creativity: Goal orientation, team learning behavior, and individual creativity, Academy of Management Journal, Vol 52(2), Apr 2009, 280-293.

Team 52