Latest Posts
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Game Practice #3: The Stag Hunt
Why trust is the silent partner in every high-stakes deal Imagine two hunters. They can either each chase a rabbit (a guaranteed but small reward) or cooperate to hunt a stag (a much bigger win, but only if both fully commit). That’s the Stag Hunt, a classic game theory model. And it plays out all
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Game Practice #2: The Game of Chicken…
… and Why It’s Risky in Negotiations Two cars. One road. Both speeding toward each other. Who swerves first…? Who “blinks”? Welcome to the Game of Chicken — a game of escalation, brinkmanship, and bluffing. Almost every negotiator can tell a tale about it: And sometimes?… They crash. Chicken is about who’s more committed to
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Game Practice #1: The Prisoner’s Dilemma
Are you facing the Prisoner’s Dilemma without realizing it? You’ve probably heard of the Prisoner’s Dilemma: Two suspects. One deal on the table. If they both stay silent, they both get light sentences. If one confesses, they walk free while the other gets punished. If both confess, they both lose. The twist? Even if they