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 43: Giving Up Control To Achieve Unpredictability
Giving Up Control To Achieve Unpredictability
In life, as in games, there is sometimes a need to be unpredictable. In such situations, game theory advocates the uses of a ‘randomized’ or ‘mixed’ strategy, a strategy that is contingent on the outcome of a probabilistic event, like the spin of a roulette wheel or the toss of a coin. It also aims to identify the precise probability that should be asso-ciated with the various pure strategies. Some important conceptual points with regard to mixed strategies are highlighted here.
Do you remember the last scene in the first episode of ‘A Study in Pink’ of the recent BBC series on Sherlock Holmes? The serial [Page 188]killer wants Holmes to pick one of ...