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 52: The Gale—Shapley Algorithm and Future Job Markets
The Gale—Shapley Algorithm and Future Job Markets
Employers usually seek to grab top talent with little regard to levels of attrition in the labour market as a whole. However, given the rapidly changing conditions in the world of work, the norm of stability could acquire greater resonance. In this context, an algorithm devised by David Gale and Lloyd Shapley in the 1960s should become highly relevant as a mechanism for organizing job markets of the future.97
The World Economic Forum Future of Jobs Report 2018 presents a picture of a world gearing up for its fourth industrial revolution. While the first three revolutions were powered by the steam engine, electric power and digital technologies, the fourth revolution will be ...