Posted: March 21st, 2022

Think of a time when you were involved in strategic decision making.

Think of a time when you were involved in strategic decision making. This could be a business situation or a personal situation. It could be anything from purchasing inputs for a manufacturing firm to trying to divide up household chores. Strategy is huge in sports – Should we punt or go for it on 4th?

Discuss your dominant strategy for the situation.

What was the other person’s dominant strategy?
What was your unique solution?
Were you happy with the outcome?
If someone was unhappy with the outcome, help them figure out what their dominant strategy should have been.
Use game theory terminology. Make sure that you have an adversarial situation with at least two parties.

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Consider a period when you were a part of a strategic decision-making process. This could be a professional or personal dilemma. It could be anything from procuring raw materials for a manufacturing company to attempting to share home duties. In sports, strategy is crucial — should we punt or go for it on fourth?

Discuss your dominant strategy for the situation.

What was the other person’s dominant strategy?

What was your unique solution?

Were you happy with the outcome?

If someone was unhappy with the outcome, help them figure out what their dominant strategy should have been.

Use game theory terminology. Make sure that you have an adversarial situation with at least two parties.

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