Why Cooperation Outlasts Competition: Game Theory in Action

About this episode

Jay Patel discusses how game theory illustrates the benefits of cooperation over competition in business.

The prisoner’s dilemma is one of the most famous concepts in game theory: two players must decide whether to act in self-interest or trust each other. In business, we face the same choice every day. Do you squeeze your partners for every advantage, or build relationships that create value for both sides? In this episode of Hardware is Forever, Amtech CEO Jay Patel explores how game theory helps explain why self-protection often leads to stalled deals and missed opportunities, while cooperatio...

People in this episode

Host: Jay Patel

Topics covered

• game theory
• business cooperation
• prisoner's dilemma
• self-interest
• relationship building

Keywords

• game theory
• cooperation
• competition
• business relationships
• prisoner's dilemma

Mentioned in this episode

Organizations: Amtech, Hardware is Forever

Books & works: prisoner’s dilemma

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