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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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Do People Trust Robots As Much As Humans?

The Horizons Tracker

The researchers conducted a trust game experiment, whereby human volunteers were asked to bestow a $10 endowment to a partner, who was either a human, a robot, or a robot acting on behalf of a human. It was in many ways a classic game theory setup, with the human volunteer knowing that gains were to be made, but trust would be key.

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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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How Inequality Dampens Support For Public Goods

The Horizons Tracker

The authors suggest that when a degree of inequality exists, and specifically when both groups are still able to exert enough influence to hold the other to account for their contributions, then those with higher productivity were more likely to contribute.

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Embrace the Complexity of Cyber Defense

Harvard Business Review

Complexity Science can help us understand how malicious agents affect the growth and functioning of complex systems and suggest how to influence them to mitigate damage. Game Theory is useful for understanding strategic interactions when parties have competing interests.

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Why Your Company Should Partner with Rivals

Harvard Business Review

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.

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How to Create Remarkable Teams PART 2 – Collaboration

Ask Atma

Obviously, your behavior is one of the most important influences on your teams and your culture. Economics and game theory also provide valuable insight into the study of trust (cf. This means allowing people to influence decisions to the extent that the outcome of a decision will influence them.

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