(google image)

Game Theory, as mentioned by the article, “Game Theory in Practise”, is a “computing software that models human behaviour” and thus making forecasts and predictions. In an economic point of view, this software allows investors to “see” a guideline to the future through massive database and long-term observations and interviews with the characters within a certain environmental setting. The benefits of this system are the profits and efficiencies that it can bring to a company for better operation.

This article pushed my doubts of predicting the future from 100% to 30%. 70% went to the assumption that everyone will act in the situation of their best interest, while 30% still lied within the unexpected personal sentiments and sudden emotional changes. The article thus pose questions of “Game Theory”‘s standing in the future of the business world. How will values be traded when some, or even most aspects could be predicted? Will compromises and negotiations be necessary when you know the bottom line of your opponent?

Nonetheless, I believe “Game Theory” will continue to thrive since its major selling point is “know the future and make more money”.

Here is the link to the complete article:
Game Theory in Practice