Game Theory

Game Theory is a method of studying strategic situations.

Key lessons from session -1

1. do not play a strictly dominated strategy

2. rational choice can lead to outcomes that is not optimal

3. It's the lesson that payoffs matter : you can't get what you want unless you know what you want.

4. 70% of people in business world are not moral . 

5. Put yourself in other people's shoes

Education Links

Good sites for education 

http://oyc.yale.edu/economics/game-theory/contents/sessions.html

http://www.oculture.com/2007/07/freeonlinecourses.html

http://ocw.mit.edu/OcwWeb/Sloan-School-of-Management/15-024Summer2004/LectureNotes/index.htm

Steve Jobs' 2005 Stanford Commencement Address

Connecting dots 

Death is single best invention of Life ......

Stay Hungry Stay Foolish

http://in.youtube.com/watch?v=UF8uR6Z6KLc&feature=related

The Dynamics of Change and Fear

The formula for any successful change is 

Power of Value from Change > Power of maintaining status Quo + Power of fear towards risk taking

Future Disruptive Technologies

1. Wireless Communication

2. Services for Enterprises , Institutions  ( web services , security services , search services )

3. Open source

4. Next generation chip & memory ( Nanotechnology )

5. Innovations in Energy

6. Personalised medicines

Refer http://in.youtube.com/watch?v=syjg00Re3tQ&feature=PlayList&p=050880E50C8EF7AE&index=2

Crossing the Chasm

A Summary of “Crossing the Chasm”

By Jonathan S. Linowes, Parker Hill Technology

Geoffrey A. Moore, Crossing the Chasm, Marketing and Selling High-Tech Products to Mainstream Customer (revised edition), HarperCollins Publishers, New York, 1999

The high-tech marketing guru (and principle of The Chasm Group marketing consultants), Geoffrey Moore offers time tested insights into the problems and dangers facing growing software companies, and a blueprint for survival. This classic text (first published in 1991) is widely accepted as “the bible for bringing cutting-edge products to progressively larger markets.”

For the benefit of the reader, while I do not presume to do justice to Moore's book, I attempt to summarize key points here:

 A market is defined as

a set of actual or potential customers

for a given set of products or services

who have a common set of needs or wants, and

who reference each other when making a buying decision

The final point may be the least intuitive, but Moore says, "the notion that part of what defines a high-tech market is the tendency of its members to reference each other when making buying decisions-- is absolutely key to successful high-tech marketing."

Reference : http://www.parkerhill.com/Summary%20of%20Crossing%20the%20Chasm.pdf

The more we change the more we remain same

"Nothing lasts forever." , This is one of the dimension of ultimate truth . After reading through lot of articles over past 2 years on many aspects in life . This statement reflects the true meaning to all " The more we change the more we remain same " . Let me put my view point on this statement on multiple dimensions and my understanding is one can take this upto any level and for any context . This is the beauty of simple and powerful statements .

Nature : Today our scientists are at the threshold to discover the antimatter/dark matter/god's particle http://en.wikipedia.org/wiki/Large_Hadron_Collider  . To simply put human mankind is trying to discover nature that has not been seen so far . Today we know we know that for each positive force that is there in nature we have equivalent negative force to hold it . The point here is nature's fundamental design has ensured that there is balance & symmetry to anything and everything . ( Note these are  dimensions of ultimate truth )

Human Evolution : We homosapiens http://en.wikipedia.org/wiki/Human_evolution have evolved over a period of time ( note Iam bringing time as another dimension ) . But at each evolution there has been innovation done by human beings to move ahead . But at same time the challenging forces also evolve along with that . What we need to understand here is that it is not the outcome that is important ( because results are temporary )  but the process that one undergoes to achieve the results that brings the 

satisfaction ( Note here I bring one of the attribute that we human beings look for ) . Also innovation is just a process that enables us to take actions . And as per Gita ( http://en.wikipedia.org/wiki/Bhagavad_Gita) we are been asked to focus on Karma ( actions ). Now here for each action we do we are also building challenges at the same time to trigger the next action . so this is vicious cycle and at the end it is all NULL . ( Note NULL / Zero / Emptiness is the another dimension of ultimate truth ) . In Maths zero is the centre point for both positive and negative numbers . It is the starting point for us to measure / calculate anything .

Technology: Today we see so many gadgets / services that have evolved to make life easier , simpler for humans . But what we miss to see is it also added necessary new complexity and new challenges . So again we are looking at net result as zero . We solve problems to create new ones [ Another dimension of ultimate truth ]

Management : Today we see successful corporations across the  world over going bust at some time or later, for that matter currently big financial institutions in US are disapperaing . All these financial innovations had enabled few sets of organizations /people to make money . But in a bigger context either based on markets or based on some other instances in life these organizations or those few sets of people will face corrections .What goes up has to come down , for every action there is equal and opposite reaction . ( Note this is another dimension of ultimate truth ) 

Now to make one's thinking scalable and enable to apply these concepts . One has to look at each aspect in life [ news , events , objects, humans etc ] with positive view point and negative view point . Both view points are correct and there is nothing wrong . This will help one to build balance in thought process . Today human beings are within an environment that is random in nature , but at fundamental level our desire is for peace , calmness and steadiness . so each one of us face the forces of randomeness on daily basis but the key here is to use the random forces to achieve steadyness is where one gets peace of mind.