The Science Of Success
How a Game Theory Expert Sold One Billion Bottles of Tea & What He Learned On The Journey with Barry Nalebuff
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:47:06
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Synopsis
In this episode we discuss the fundamental principles of game theory, we correctly guess the answers to SAT questions - without every knowing what the question was! We look at how to use game theory in practical ways, and go deep on how a college professor and his student started a beverage company, sold a billion bottles of tea, and competed against Coke, Nestle, and other major players to become incredibly successful with our guest Barry Nalebuff. Barry is a Professor of Economics and Management at Yale School of Management. A graduate of MIT, a Rhodes Scholar and Junior Fellow at the Harvard Society of Fellows, Barry earned his doctorate at Oxford University. Barry is the author of several books, an expert in game theory which he applies to business strategy, and the co-founder of Honest Tea which has been named one of America’s fastest Growing Companies We discuss: What is game theory?What are the fundamental principles of game theory?The difference between ego-centric and being alo-centricHow do