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The Hunger Games by Suzanne Collins is a prime example of game theory in literature. The characters must make strategic decisions to survive, often based on predicting the actions of others. Another example is Ender's Game by Orson Scott Card, where the protagonist uses game theory to outmaneuver his opponents in a series of war games. Yet another example is the Sherlock Holmes series by Arthur Conan Doyle, where Holmes often uses game theory to predict the actions of criminals.
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The authors also use entertainment as a way to get their points across. These stories are presented in the form of "tales," and one of the most memorable ones is called "Pick a Number." Readers are challenged to guess a number between 1 and 100 for five straight times to find the correct number that was chosen by them. The illustration concludes that this strategy is a good one, because the number setter and the searcher both know and understand the concepts behind finding the perfect information in game theory. That simply means "I know what you are thinking, and you know what I am thinking."
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Have you ever had to dissect a complicated business scenario and were confused as to where to begin, or how to analyze the problem? Game theory is the...
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Learn from some of the most useful and popular business strategies and frameworks from our compilation. Apply the content, diagram, and graphs from this 50-slide deck to your next project.
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