Out-think! : How To Use Game Theory To Outsmart... Today
Instead of fighting a colleague for a promotion, suggest a restructuring where you both take on new, distinct leadership roles that didn't exist before. 5. Signal Credibility
Do you have a —like a job interview or a business rivalry—where you want to apply these game theory tactics? Out-think! : how to use game theory to outsmart...
If every coffee shop on the block is lowering prices to compete (a race to the bottom), don't join them. Change the game by offering a loyalty program or a unique atmosphere. You’ve shifted from a "Price Game" to a "Value Game." Instead of fighting a colleague for a promotion,
Imagine the final stage of your negotiation or project. What is the last possible move? Once you know how the "endgame" looks, you can determine what the second-to-last move must be to get there, and so on, all the way back to the present. If every coffee shop on the block is
In game theory, talk is cheap. "I’ll quit if I don't get a raise" is a threat, but is it a credible one?
3. The Power of "Mixed Strategies" (The Element of Surprise)
Outsmarting isn't about "tricking" people. It’s about understanding the invisible threads of logic that connect your choices to theirs. When you stop playing the game and start the game, you stop reacting and start leading.