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India Land of a Billion Entrepreneurs by Upendra Kachru

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6

The Passion to Win

“… man is not as predetermined in what he can do as social scientists and historians sometimes think. He has greater freedom to act, to change the structure of his response, and find opportunities in his environment than the traditional forms of social analysis would lead him to believe.”

—David C. McClelland and David G. Winter

Game theory is a mathematical technique that captures behaviour in strategic situations in which an individual’s success depends on the choices of others. A classic game illustrating this theory is the Prisoner’s Dilemma. In this game, two players are captured by the police. Each is placed in a separate cell, and offered the opportunity to confess the crime. If neither suspect confesses, they ...

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