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Game theory : Game of Chicken..

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Post by FluteHolder Sat May 21, 2016 9:38 pm

http://mindyourdecisions.com/blog/2009/01/20/4-tips-for-winning-in-a-game-of-chicken/

The game of chicken is often told through a story about reckless teenagers. In the classic game, two teenagers are driving towards each other on a crash course. The point of the game is to overcome fear and stay on course. The driver that gets scared and swerves away is the loser. The driver that stays on course is the winner and gets the admiration of onlookers. The problem, of course, is that if both stay on course, then both will crash and die.
The game of chicken is so dangerous that it would be nice if we could just avoid it. But an unfortunate reality is the same incentives describe many other situations–schoolyard fights, drinking contests, and negative campaigns to name a few. In a competitive world, one has to learn how to play the game of chicken. Here are a few strategies that can help you be the winner:

FluteHolder

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