Tuesday, October 28, 2008

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

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