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.

Returning to Rationality: The Prisoners Dilemma

Returning to Rationality: The prisoners dilemma

The political philosopher John Hobbes believed that human life in a state of nature was disorderly and chaotic. He posited the necessity of a government ruled by an absolute monarch. However, Adam Smith, the father of modern economics, lauded the results of an unfettered operation of self-interest. Game theory attempts to reconcile the positions of Hobbes and Smith by its exploration of the problem of collective action under the assumption of narrowly self-interested parties. The most widely discussed game in this literature is the simple but startling ‘prisoners’ dilemma’. A detailed exposition of this dilemma is presented here.

According to the political philosopher John Hobbes, human life in a state of nature, driven by ...

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