Out-think! : How To Use Game Theory To Outsmart... Link

Most people make decisions based on where they are now . Game theorists do the opposite: they start at the finish line.

A "Zero-Sum" game is one where my gain is exactly equal to your loss (like Poker). Most of life, however, is .

This blog post explores how to use game theory to gain a competitive edge in various scenarios. Out-Think: Using Game Theory to Outsmart Anyone Out-think! : how to use game theory to outsmart...

Do you have a —like a job interview or a business rivalry—where you want to apply these game theory tactics?

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 Most people make decisions based on where they are now

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.

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? Most of life, however, is

Next time you're in a high-stakes situation, don't just ask "What should I do?" Ask: