Summary
Contents
Subject index
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.
Cooperative Game Theory and the Core
Cooperative Game Theory and the Core
The models of game theory studied so far fall under the classification of non-cooperative games. The key assumption in non-cooperative game theory is that no binding agreements can be written. The field of cooperative game theory departs from non-cooperative game theory in this important respect: It assumes that binding agreements can be struck. With this assumption, the field of cooperative game theory asks: What kinds of binding agreements would emerge from the interaction between rational parties who have common knowledge of the underlying strategic landscape?
The models of game theory studied so far fall under the classification of non-cooperative games. In games like the prisoners’ dilemma, we see the phenomenon of Nash equilibria, where ...
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