Game Theory. The Art of Strategic Thinking in Business and Life

How can game theory balance competition and cooperation in strategic decision-making? Insights from Avinash Dixit and Barry Nalebuff.

8595

8 min

March 2017

You do not act in a vacuum. Your moves affect other players, and theirs affect you.

Punishment is often quite an effective way to achieve cooperation between game participants.

Some types of punishment are generated by the game itself.

In many games, the main question is how to avoid losing or achieve a win for both sides.

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