Strategic Moves
Changing the game to achieve a better outcome
Strategic moves involve changing the game to achieve a better outcome. This can be done by making a commitment, taking an action that changes the game, or using a device that restricts one's own freedom of action.
- Strategic moves involve changing the game to achieve a better outcome
- Commitment is a key aspect of strategic moves
- Strategic moves can be used to restrict one's own freedom of action
- Define the gameDefine the game and the payoffs for each player.Pro tipMake sure to define the game and payoffs clearly.WarningIncorrect definition of the game can lead to incorrect results.
- Identify the strategic moveIdentify the strategic move that can be used to change the game.Pro tipUse game theory to identify the strategic move.WarningIncorrect identification of the strategic move can lead to incorrect results.
Odysseus and the Sirens
Odysseus tied himself to the mast to avoid the Sirens' song, making a commitment to resist the temptation.
OutcomeOdysseus was able to resist the Sirens' song and continue his journey.
Incorrect definition of the game
Incorrect definition of the game can lead to incorrect results.
Incorrect identification of the strategic move
Incorrect identification of the strategic move can lead to incorrect results.
Strategic moves have been used throughout history, from Odysseus tying himself to the mast to avoid the Sirens' song to kings exchanging hostages to make their promises of peaceful coexistence credible.
Source · BOOK
The Art of Strategy: A Game Theorist's Guide to Success in Business and Life