A lot have been said about the game theory since the beginning of the 20th century.
The mathematic field, which combines almost every other academic area, controls our daily thinking, or at least need to be taken into consideration without any doubts!. The most basic business rule is that we all wish to maximize our profits. Every time we face someone, we are in some sort of a game of who will gain the most. Still the way to describe this challenge in mathematic equations is by assuming that the other (or others) acts rational like the ‘Economic person’. More information about the irrational economic can be found at the behavioral economic post.
It's More Than Luck.
There are many different types of games that the game theory describes. Each of whom you can find useful for the CEO, the entrepreneur or for the everyday Joe. CEO’s most understand that most of the decisions they make, can be analyzed and describe in mathematic tools, for achieving better prospective of the dilemma they facing. The more you try to emphasize your dilemmas in this manner the better you’ll become. Those who master this skill will grow stronger and the stronger you get the better you’ll run your business!
In other words, as many true dilemmas we’re facing in everyday life, Business Simulation develops our abilities and improves us and decision making. The CEO Game provides you with real-world virtual platform, in which you must consider the game theory principals (more on the principal in future blogs or in videos).Playing the CEO Game and learn how to use the statistics for you own favor. Other players, other CEOs, other entrepreneurs, other future business tycoons- they all want a piece of you, either combining forces or fighting over the same markets or goals.
The CEO Game.
