Out-think! : How To Use Game Theory To Outsmart... -

3. The Power of "Mixed Strategies" (The Element of Surprise)

To outsmart someone, you must "signal" your intentions through actions that have a cost. This is called Signaling . If you take an action that would be too expensive or risky if you were lying, people will believe you are telling the truth. Out-think! : how to use game theory to outsmart...

Most people make decisions based on where they are now . Game theorists do the opposite: they start at the finish line. Out-think! : how to use game theory to outsmart...