The telecom war between Reliance Jio and Airtel was only a preamble to the impending battle between Google and Jio. Nitish Kumar broke the mahagathbandhan while seeming to try to bend RJD to his will. All the schmoozing between Trump and Xi hasn’t reduced the North Korean nuclear threat. Could we have predicted these outcomes before they actually happened? Yes we could have—not with IQ or EQ, but with ‘Game Theoretic Quotient’. A new intelligence, a new way of looking at the world. Game Sutra highlights the underlying strategic considerations of entities as diverse as heads of state, bitcoin miners and CEOs of internet companies to explain their decisive choices. Immerse yourself in its heady mix of cogent fact and smart analysis to develop your ‘game theoretic quotient’. Your world will never be the same again.
Chapter 3: How Rational Are You?
How Rational Are You?
The assumption of rationality is explored here along with an elaboration of some of the objections to this assumption. Two experiments—one inspired by magic tricks—illustrates the issues raised by naysayers. Responses by game theorists in terms of the intellectual edifice of ‘learning games’ and ‘behavioural game theory’ are presented.
The debut studio album Are You Experienced? by English–American rock band, the Jimi Hendrix Experience, is regarded as one of the most remarkable albums in the history of rock and roll. Game theorists, however, are content to ask, ‘Are you Rational?’ They do it not so much out of an egoistic impulse to show you down (although there is a little bit of that) but out of sheer necessity. ...