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Strategic Thinking
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Game theory, originating in economics, is the science of strategic thinking applicable to various fields, including biology and diplomacy, and is crucial for decision-making in all aspects of business, according to game theorist Kevin Zollman.
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Strategic thinking, as defined by Michael Watkins, involves critically and creatively envisioning potential futures beyond the current situation, and he outlines six specific disciplines to intentionally cultivate this mindset.
5mins
“If you ask a computer, it will say, most of the time you want to either be raising or folding, right? You want to take an aggressive action or quit. I think this is a great metaphor for lots of things in real life, too.”