Summary
Contents
Subject index
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.
Is Game Theory a Va lue-neutral Science?
Is Game Theory a Va lue-neutral Science?
We have alluded earlier to the assumption of rationality on which game theory is based. Many game theorists assert that this assump-tion does not imply a value system but only a motivation to maximize one's utility, a utility that could be based on any value system whatsoever. When the pursuit of self-interest leads to suboptimal outcomes, as in the prisoners’ dilemma (discussed later in the book) game theory asks if one could engineer a return to optimality by changing the incentive structures at play, but without interfering with the unfettered operation of self-interest.
The choice made by game theorists—to examine the failure to achieve efficiency while retaining the assumption of self-interest—is a key ...
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