Monday, March 4, 2019

What makes CEO's different?

They know how to play cooperatively in games like the Prisoners' dilemma, where there is a tension between cooperation (I get a smaller slice of a bigger pie) and competition (I get a bigger slice of a smaller pie).

BOTTOM LINE:  CEO's "cooperate more, play less hawkish and thereby earn much more than the control group."

HT:  marginal revolution

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