A Gem from around the (PM) world - Vol 34

Learn about game theory which is all around us

Hey PMs

Happy Friday. Here is an interesting post on the topic of game theory.

Game theory, at its core, is the study of strategic decision-making. It's a framework that helps us understand how rational individuals or entities interact and make choices when their outcomes depend on the choices of others. For product managers, this means understanding how competitors might react to your product launches, how customers might make choices between similar offerings, and how to optimize your product strategy to achieve the best possible outcome.

But before that, we need to understand what is game theory.
There are many sources but I like this Youtube video which explains how game theory is played out in nature.

What Game Theory Reveals About Life, The Universe, and Everything

And if you want to try out a game, try this site where you can learn via simulation.
https://ncase.me/trust/

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In case you missed my Tuesday article,
How to think about value proposition in B2B

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I am available for coaching and advisory for B2B product teams and startups.

Let’s start with a free 30 min intro call.

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