Threats, Promises, and Commitments
Lecture no. 10 from the course: Games People Play: Game Theory in Life, Business, and Beyond
Taught by Professor Scott P. Stevens | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Can you gain an advantage by moving before, the game begins? Such actions, called "strategic moves," can be both effective and dangerous. You learn the three categories of strategic moves—commitments, threats, and promises—and the essential requirement for their success: credibility.