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GAMES: Game Theory and the Evolution of Strategic Thinking

In: Integrating Ethics With Strategy Selected Papers of Alan E Singer

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  • Alan E Singer

    (University of Canterbury, New Zealand)

Abstract

This chapter is an abridged version of “Game theory and the evolution of strategic thinking,” Human Systems Management 16, pp. 63–75, 1997. The idea that the study of game theory could help managers to think better about strategic problems is re-interpreted with reference to various extensions and adaptations of that theory. An “adapted” conceptual model of an Ultragame is then set out, in which the players are plurally rational strategic-entities. Conceptual models of this type can help managers to augment their language, their ideology and their integrity. Compared to the formal mathematical extensions of game theory, which have found but a few business applications, the adapted conceptual models are more directly relevant to contemporary business problems such as those involving the players’ boundaries and identities, as well as their likely future problems and others’ problems.

Suggested Citation

  • Alan E Singer, 2007. "GAMES: Game Theory and the Evolution of Strategic Thinking," World Scientific Book Chapters, in: Integrating Ethics With Strategy Selected Papers of Alan E Singer, chapter 11, pages 187-210, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812779175_0011
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