Emergic: Rajesh Jain's Blog

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Game Theory

May 26th, 2003 · No Comments

On a recommendation by Chetan Parikh, I am reading James Miller’s Game Theory At Work. It is an excellent book and a must-read for all. Through a wide variety of examples, Miller takes us through various situations that we face in personal life and business, and how game theory can help in analysing the possible options. Many times, we use our intuition to make decisions. Game theory can be a good add-on in our arsenals to, as the book puts it, “outthink and outmaneuvar your competition”. Nash’s Equilibrium, Prisoner’s Dilemma and various other situations are important for us to understand.

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