April 2020 Vidcast : Is financial strategy a game?
Applications of Game Theory in Financial Strategy
Game Theory is one of the most exciting elements of macroeconomic theory.
Professor Dominique Jacquet demonstrates that, in a world where organizations and academic institutions tend to operate in silos, the creation of sustainable vaeur requires the co-construction of solutions.
He does this through Game Theory using two very different business models. Lafarge, in the commodities market vs. Beiersdorf and Estée Lauder in the cosmetics market.
He also invokes the famous Prisoner’s Dilemma to illustrate his vision for getting out of silos.
He uses a JACF article to question the silos in finance and strategy.