登录查看更多内容

How do you communicate and explain game-theoretic concepts and results to non-experts and stakeholders?

由人工智能和领英社区提供技术支持

Game theory is a powerful tool for analyzing strategic interactions among rational agents, such as firms, consumers, governments, or even animals. But how can you communicate and explain game-theoretic concepts and results to non-experts and stakeholders, such as clients, managers, colleagues, or policymakers, who may not be familiar with the technical jargon and mathematical models? In this article, we will share some tips and best practices for making game theory accessible and relevant to your audience, using examples from different domains and applications.

此文章中的业界达人

由社区从 7 条内容中精选。了解更多

1 Know your audience

The first step to communicate and explain game-theoretic concepts and results is to know your audience and their background, interests, goals, and expectations. You should tailor your message and language to suit their level of knowledge, curiosity, and attention span. For example, if you are presenting to a business audience, you may want to focus on the practical implications and recommendations of your analysis, rather than the details of the assumptions and proofs. If you are talking to a policy audience, you may want to emphasize the social welfare and distributional effects of your findings, rather than the technicalities of the equilibrium concepts.

添加您的观点

Tony Deptel

Dynamic Finance and Technology Leader | Digital Transformation, and Financial Strategy | MBA, Lean Six Sigma Black Belt
举报内容
This as a first step seems a little generic and part of generally accepted "best practices" for communicating a message. While it is good to relate what you want to explain to your audience, this falls a bit short in originality. The point of this article should be more focused on how to explain "Game Theory." If your first step is this, really this could be the first step in any article on how to explain something. Replace, "game theory" with: AI, economics, a sales pitch, etc., and you will find this as the first step. The Prisoner's Dilemma is an excellent example of a Game Theory thought experiment because it is relatable to any audience, regardless of their background, interests, goals.

已翻译

赞

2 Use simple and intuitive examples

The second step to communicate and explain game-theoretic concepts and results is to use simple and intuitive examples that illustrate the main ideas and insights of your analysis. You should choose examples that are relevant and relatable to your audience, and that capture the essence of the strategic situation and the trade-offs involved. For example, if you are explaining the concept of Nash equilibrium, you may use the classic example of the prisoner's dilemma, where two suspects have to decide whether to cooperate or defect in the face of a police interrogation. If you are explaining the concept of Bayesian-Nash equilibrium, you may use the example of a sealed-bid auction, where each bidder has to decide how much to bid based on their private valuation and their beliefs about the other bidders' valuations.

添加您的观点

Tony Deptel

Dynamic Finance and Technology Leader | Digital Transformation, and Financial Strategy | MBA, Lean Six Sigma Black Belt
(已编辑)
举报内容
I agree with this, which further explains why I think this should really be the first step and not "know your audience." This step makes the point that an example should be relatable, and is focused on the particular concept you are trying to explain in determining which example you should highlight, but in step 1, the advice is focused on a homogenous audience first and foremost, as opposed to the concept. This is contradictory. What if this is a general assembly of diverse backgrounds? You can't possibly "know your audience" or tailor it to everyone. This article makes the assumption that you will know this. The fundamental step in simplifying a concept is crafting it in a way that it doesn't matter who's listening. Everyone gets it.

已翻译

赞

3 Use diagrams and visuals

The third step to communicate and explain game-theoretic concepts and results is to use diagrams and visuals that complement and clarify your verbal explanation. You should use diagrams and visuals that are simple, clear, and consistent, and that highlight the key features and outcomes of your analysis. For example, if you are explaining the concept of dominant strategies, you may use a payoff matrix that shows the best response of each player for each possible action of the other player. If you are explaining the concept of incomplete information, you may use a game tree that shows the different types and beliefs of each player, and the information they receive at each stage of the game.

添加您的观点

4 Use analogies and metaphors

The fourth step to communicate and explain game-theoretic concepts and results is to use analogies and metaphors that help your audience connect and relate to your analysis. You should use analogies and metaphors that are familiar and meaningful to your audience, and that illustrate the logic and intuition behind your analysis. For example, if you are explaining the concept of mixed strategies, you may use the analogy of a rock-paper-scissors game, where each player chooses a random action with a certain probability to avoid being predictable. If you are explaining the concept of subgame perfect equilibrium, you may use the metaphor of a chess game, where each player anticipates the best moves of the other player at every stage of the game.

添加您的观点

5 Use stories and narratives

The fifth step to communicate and explain game-theoretic concepts and results is to use stories and narratives that engage and persuade your audience. You should use stories and narratives that are compelling and realistic, and that demonstrate the relevance and impact of your analysis. For example, if you are explaining the concept of signaling, you may use the story of a job market, where each worker has to decide how much education to acquire to signal their ability to potential employers. If you are explaining the concept of coordination, you may use the narrative of a social dilemma, where each individual has to decide whether to cooperate or defect in a collective action problem.

添加您的观点

Layton Cox

Competitive Intelligence & Strategy | Co-Building Value-Creating Strategy Using Proprietary Research Methods
举报内容
Stories are potent tools for teaching complex topics. Take "relativity" in physics, for instance, a tough concept even for adults. But with a story, it becomes accessible. Picture a superhero, Captain Relativity. He runs almost at light speed, and something incredible happens. Time slows down for him compared to those standing still. So, after his fast adventure, he finds less time passed for him than for his friends. This is 'time dilation.' In this simple story, the intricate concept of time dilation in relativity becomes relatable, turning the abstract theory into something understandable. This is the power of stories in making complex topics engaging and memorable for learners of all ages.

已翻译

赞

6 Use questions and feedback

The sixth and final step to communicate and explain game-theoretic concepts and results is to use questions and feedback to check and enhance your audience's understanding and interest. You should use questions and feedback that are open-ended and constructive, and that invite your audience to think critically and creatively about your analysis. For example, if you are explaining the concept of Pareto efficiency, you may ask your audience to think of examples where a Pareto improvement is possible or impossible, and why. If you are explaining the concept of strategic complementarity, you may ask your audience to give feedback on how they would respond to an increase or decrease in the actions of the other players.

添加您的观点

Rodney Beard

International vagabond and vagrant at sprachspiegel.com, Economist and translator - Fisheries Economics Advisor
举报内容
I disagree with this. Don’t use open ended questions. Game theoretic equilibrium are very structured in terms of their definition. You can step people though calculations with a set of structured multiple choice questions to illustrate different equilibrium concepts.

已翻译

赞

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Adam DeJans Jr.

Data Science Leader @ Toyota | Drives Billion-Dollar Decisions | Author
举报内容
To communicate game-theoretic concepts to non-experts, use simple language and avoid jargon. Illustrate ideas with real-life examples or stories to make the concepts relatable. Visual aids, such as diagrams or charts, can help in breaking down complex ideas. Always connect the theory back to practical implications to showcase its value and relevance in real-world situations. Finally, encourage questions and foster a collaborative discussion to ensure understanding and engagement.

已翻译

赞
Dr Djamila Amimer

Helping Businesses Unlock AI Potential | CEO & Founder | Top 10 Global Thought Leaders on AI, Predictive Analysis and Emerging Tech. | AI Speaker | AI Author| LinkedIn Top AI Voice
举报内容
If we are trying to apply game theory in business then the best way to communicate it is by having a practical use case that can be explained how game theory can be applied in a given area. So for example, we can explain the lemon problem and adverse selection principles in second hand car business.

已翻译

赞

加载更多内容

Game Theory

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

How do you communicate and explain game-theoretic concepts and results to non-experts and stakeholders?

1

2

3

4

5

6

7

1 Know your audience

2 Use simple and intuitive examples

3 Use diagrams and visuals

4 Use analogies and metaphors

5 Use stories and narratives

6 Use questions and feedback

7 Here’s what else to consider

Game Theory

给文章评分

感谢您的反馈

更多Game Theory相关文章

更多相关阅读内容