In game theory, there are several unexpected strategies that can be employed. One such strategy is the 'minimax' strategy, where a player minimizes the maximum possible loss. Another is the 'tit-for-tat' strategy, where a player responds in kind to an opponent's actions. There's also the 'zero-sum' strategy, where one player's gain is another's loss. Additionally, 'mixed strategy' involves randomizing moves to keep opponents guessing. Lastly, 'cooperative game theory' involves forming alliances and coalitions. These strategies, while unexpected, can be highly effective in different game scenarios.
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
View summary