Game Theory in Business

12manage is hiring Management/MBA Students!


 
Game Theory > Forum Log in

Game Theory in Business
Jaap de Jonge, Editor
Issue #46 of S+B has an interview with Prof. Nalebuff, well known for bringing game theory into the realm of business. According to N. there are 2 reasons why extending game theory to business requires an intellectual leap:
1. The game of business is not a zero-sum game (the success of one company does not require others to fail).
2. There are no explicitely defined rules in business (each firm can change the game/rules).
Moreover, Nalebuf warns that the behavior of businesspeople is not always rational, and inertia can be a powerful force to overcome.
 

 
Game theory article by Nalebuff
Kim Warren
BTW - the S+B article mentioned may not be easy to find, so here's a link.
 

 











 

  Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  


Special Interest Group Leader

You here


More on Game Theory
Summary
Forum
Best Practices

Expert Tips

Resources



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 23-6-2018. All names of their owners.