In business, sports, politics, and many other fields there are probably countless situations akin to the prisoner’s dilemma where players acting in their own self-interest do not produce an ideal outcome. Likewise, some player dynamics also illustrate other game theory concepts like a game of chicken, credible threats/commitments, and other similar concepts. Use at least one article from The Wall Street Journal to discuss a strategic situation between players that resembled or used any of the concepts above. What could have any of the players done differently to achieve a better outcome?
Ethical Decisions and Digital Leadership The Four-Way Test HISTORY OF THE FOUR WAY TEST The Four-Way Test was conceived by
Ethical Decisions and Digital Leadership The Four-Way Test HISTORY OF THE FOUR WAY TEST The Four-Way Test was conceived by Herbert J. Taylor, a Chicago .and president of in 1954-55. He applied The Four-Way Test to the operation of his company with remarkable results and subsequently shared it with others.