Business Standard

Moving beyond a zero-sum approach

In many situations, acting for oneself as well as the group gets the best results

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Shyam Ponappa
The start of the year is a good time to consider getting past fractiousness. For this purpose, insights and concepts from Game Theory when applied to most interactions in daily living are truly astounding. One major insight is that barring conflict and competitive games and sports, in recurring, purposeful interactions between people and entities, the interests of parties dealing with one another are often not diametrically opposed, even when there is competition between them. The implication is that one party’s gain in an interaction need not be entirely at the other’s cost. These are the non-zero-sum situations that lend themselves
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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