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

Named after mathematician John Nash, this is a state where no player can improve their outcome by changing their strategy while the other players keep theirs unchanged.

In the popular imagination, "outsmarting" someone feels like a scene from a movie—a brilliant detective uncovering a hidden clue or a chess grandmaster seeing twenty moves ahead. But in reality, outsmarting your competition isn't about being "smarter" in the IQ sense. It’s about : the mathematical study of strategic decision-making. Out-think! : how to use game theory to outsmart...

Most people make decisions based on where they are now . Game theorists do the opposite: they start at the finish line. Named after mathematician John Nash, this is a

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? It’s about : the mathematical study of strategic

To outsmart someone, you must "signal" your intentions through actions that have a cost. This is called Signaling . If you take an action that would be too expensive or risky if you were lying, people will believe you are telling the truth.