Game Theory is about making smart choices when other’s choices matter.
It helps people or groups decide what to do when:
1) They depend on each other
2) They have limited resources
3) They each want to “win” or do well
In LPM. leaders, teams, and business units are all trying to create value, use budgets wisely, and reach strategic goals.
But – just like players in a game – they have to coordinate and balance their decisions. That’s where Game Theory Thinking helps.
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