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 20: The Tragedy of the Planet's Environmental Wealth
The Tragedy of the Planet's Environmental Wealth
The phenomenon of over-utilization of a common property resource by people motivated only by self-interest is referred to as the tragedy of the commons. The phenomenon of climate change is an example of such a tragedy. The simple economics that lies behind humanity's existential crisis is explained here.
Throughout the world's oceans, garbage has begun to accumulate in the centre of circular currents, or gyres. The destruction of ocean ecosystems because of garbage, especially plastic pollutants, is likely to affect every person on the planet as these pollutants cycle through the food chain. The fragile condition of our planet's common property resources—not just restricted to oceans—is a manifestation of a phenomenon called ...