Round Table Conference 01 May 2006
Game Theory
The participants of the conference were surprised by a very interesting lecture of economist dr. A.J. Dur. The central topic of the lecture was GAME THEORY. In the 'experimental economics' game theory is used to conduct theoretical research into the interactions between rational people. During the lecture it quickly became clear to the attendants that games which seem to be simple, are extremely useful instruments to provide people with new insights into practical problems. Games such as the 'prisoner's dilemma' and 'attention race among managers' provoked funny moments, but, above all, they also resulted in interesting discussions concerning different strategies which can also be used within organizations.
The interaction was increased by enabling the attendants, through a voting system, to participate in a game. For example, they could vote by choosing a number between 0 and 100, considering that the winning number is 2/3 of the group average. Keep in mind that every attendant gets the same assignment! To win this game, someone must be able to make a realistic estimation of the strategy of his co-players. The game shows that there are individual differences in the strategies that people use.
At the end there was a drink, during which attendants discussed the interesting day and exchanged name cards.
We thank the participants for their contribution and dr. A.J. Dur for his inspiring lecture.
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