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.

The Shapley Value and Legislative Power

The shapley value and legislative power

While the solution of cooperative games represented by the core embodies the principle of ‘no-objection’, the Shapley value, the second of the two most commonly used solution concepts, exemplifies the spirit of ‘fair contribution’. The application of the Shapley value in the calculation of the ‘power index’ of each party in a legislature is detailed here.

Many of you would have felt that the core of the two sellers, one buyer game of the previous chapter did not do justice to either of the sellers: They ended up with nothing, although it was their product that brought value to the buyer. Well, the Shapley value, that exemplifies the spirit of ‘fair contribution’, heeds ...

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