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In the world of business, the anticipation of situation can be seen when companies predict market trends and adjust their strategies accordingly. For example, Netflix anticipated the shift towards online streaming and adapted their business model, leading to their success. In sports, a football coach might anticipate the opposing team's strategies and adjust their game plan to counteract them. In politics, a candidate might anticipate public opinion and tailor their campaign messages to appeal to the majority.
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One of the strongest points in the book is known as the "Anticipation of Situation." The working theory is that there is always a mathematical formula that will predict the outcome of a game. The authors use an example from the television show, Survivor. Someone on the show decided they would "win by losing," and it actually worked. When the candidate on the show threw their chance to win, it set a series of events in motion that eliminated some of the competition, and allowed that candidate to eventually win the game in the end. According to the authors, by studying the competition and their reaction to any situation that is presented, it is possible to, at the very least, even the score, and at the very best, to come out on top as the winner in any contest.
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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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