Mental Model: Prisoners’ Dilemma
The prisoners’ dilemma is the best known strategy game in social science. The game shows why two entities might not cooperate even when it appears in their best (rational) interest to do so. …
Michael Mauboussin
Poaching Stars is a Terrible Idea to Improve Performance
In an effort to improve performance we often turn to the simple answer of trying to hire a star from another organization. This sounds like a great idea, is hard to argue with, and offers the promise …
The Colonel Blotto Game: How Underdogs Can Win
If you’ve ever wondered why underdogs win or how to improve your odds of winning when you’re the underdog, this article on The Colonel Blotto Game is for you. *** There is a rich tradition …