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 16: The Collective Action Problem of Assurance
The Collective Action Problem of Assurance
In Rana Dasgupta's book on Delhi ‘Capital’, he quotes a citizen of Delhi: ‘Delhi is obsessed with money. It is the only language it understands, and to buy myself out of its vulgarity and money-mindedness, I need lots of money’. We encounter this kind of logic in a variety of contexts. For instance, when asked to take an action that may be good for society but may involve a small personal sacrifice, we often hear people say, ‘I am willing to contribute, but it will be of no use since others will not do so’. As a result of the belief that ‘others will not contribute’, no one contributes, and everyone ends up ...