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As Leaders and Managers, or anyone who interacts with other people, situations of interdependence, conflict, competition, and cooperation are something you deal with everyday. But it is often a challenge to deal with these situations. How do you deal with them.
How do you know for sure, if a certain strategy will work, or not, and under what circumstances . Wouldn't it be nice if there were some logical, or even mathematical way to deal with such situations . Yes there is.
Game Theory. Game Theory can help you do just that. It models and analyzes several situations of Interdependence, Cooperation, Competition and Conflict.
And, over the decades, this has given rise to powerful lessons, concepts and strategies. Game Theory provides a systematic way for us to model, and analyse, how to navigate throughpersonal and group decisions, in interdependent, collaborative, and competitive situations. Armed with relevant knowledge of Game Theory Concepts, and its cool Strategies for Competition and Conflict Management, you can learn how to encourage Cooperation and Team Spirit, and effective ways to manage Conflict.
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