Remove Game Theory Remove Management Remove Marketing Remove Quality
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Brands Represent Risk Mitigation for Consumers

Strategy Driven

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. Why do tourist traps offer such poor quality for high prices? Because it’s a one-time game.

Brand 11
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How to Create Remarkable Teams PART 2 – Collaboration

Ask Atma

So the designer teaches everyone about UX/AI, the coders teach about their development methodology, the project managers teach about agile protocols, and the sales people describe what it is like in the field. Emotional control – successful anger and/or frustration management. Curiosity – inclination to learn.

Team 52
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Strategy Lessons From Jean Tirole

Harvard Business Review

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. In the early 1980s, the game theory approach to studying industries promised to be the next big wave in strategy. Why did Jean Tirole win this year’s economics Nobel ?