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."

Most people approach conflict as if there can only be one winner. You outsmart them by finding "integrative" solutions—moves that help you and the other person. Why? Because people will fight you to the death in a zero-sum game, but they will help you move forward if they see a benefit for themselves. Out-think! : how to use game theory to outsmart...

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 If every coffee shop on the block is

Introduce controlled randomness. If your competitors can’t predict your next move with 100% certainty, they have to spread their resources thin to cover all possibilities. This weakens their defense against your actual move. This blog post explores how to use game

Stop looking for the "best" move in a vacuum. Instead, ask: "Given what my opponent is likely to do, what is my best response?" If everyone is doing the same thing, you’ve found the equilibrium. To outsmart them, you must find a way to change the "rules" of the game so that the equilibrium shifts in your favor.

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