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CH1 War and Peace, G1 (Trang, Jennie, Poe, Oyuka, Silvia, Loren, Erika),…

- - - - It is not enough to succeed. Others must fail.
        "Gore Vidal"
        
        Today's Language of Business
        
        According to the above facts, the business is not much sound like WAR. Only few factors when business is conducted as War.
        
        You don't need to blow out the other fellow's light to let your own shine.
        "Bernard Baruch"
        
        Most businesses succeed only if others succeed.
        
        Example of Intel Chips and Microsoft
        
        3 more items...
        
        US Arline Industry lost money during the price wars of 1990-93
        
        Work with Suppliers
        
        Create Teams
        
        Establish Strategic Partnership (even with Competitiors)
        
        Listen to Customers
- - - - simulate real-world conditions
      - predict a player’s behavior
- - - - :check: help or :green_cross: hurt
      - what new rules you like to have
      - make these rules v.s. someone overturn them
    - - make the list of players as complete as posible
      - opportunities for cooperation and competition
      - change the cast of players
      - gain and lose
    - - preserve or change the perceptions
      - transparent or opaque
    - - link or delink the current game from other games
      - what is the current scope of the game
    - - create loyal customers and suppliers
      - the affect of the added value of the other players
      - what is your added value
- - - - Result
        
        Helps promote a benevolent attitude toward other players.
        
        Profitable and satisfying
        
        Multiple winners
  - - - Result
        
        Win-lose
        
        Miss the opportunity to expand the pie
- - - - Zero-sum Games
        
        Win-Lose
        
        Competitive
      - Positive sum games
        
        Both Win or Both Lose
        
        Non-competitive or Cooperative
      - John Harsanyi
        
        Nash equilibrium
        
        Know each other 's strategies
        
        No benefits in changing play
      - Reinhart Selten
      - John Nash