A trailer for Business Games: an educational podcast + newsletter series where we apply game theory to business, to help you make better decisions under uncertainty.

Plus, nice music and a smile 😊

And yes, all decisions are made under uncertainty. All the interesting ones, anyway. Less so for chess.

Read more here: About the Business Games Premium (business-games.ai)

https://www.business-games.ai/about/

P.S. Branding by Greenlamp Marketing :: Award-Winning Marketing Agency

Musik by Mozart performed by gcendretti | Profile | Fiverr

URL of the Business Games Trailer post here: Where AI Teases the Business Games Concept | Business Games Trailer (business-games.ai)

What is Business Games, and what's in it for you? Who is it for? What is our promise?

Next week, I'll introduce Season One—but in this episode, I introduce the full concept of this educational podcast + newsletter series where we apply game theory to business, to help you make better decisions under uncertainty.

1. Welcome to! Business Games! [00:06]
2. The Target Audience: Who Is It For? Who Is the Hero of This Journey? [01:10]
3. The Genesis: A Prologue [04:17]
4. What's in a Name? Business Games, Decoded [09:22]
5. What to Expect from the Structure of the Seasons? How I Analyse and Learn and Why This Is Relevant? [18:48]
6. My Promise to You + What I Ask from You [28:25]
7. The Upcoming Seasons [37:26]
8. The Homework [40:55]
9. The Disclaimer [44:38]

• John von Neumann - Wikipedia
• The Ad Contrarian
• Public Business Games podcast RSS feed
• Business Games Subscription Tiers

Business experimentation is NOT only for tech firms. Why, When, and How do we run business experiments? Yes, even for your portable toilet business.

Originally planned to be 1 week later, now dropped within the same week as the Overall Intro.

Next week, The Experimental One starts—Yay!—but in this episode, I talk about the choice of Business Experimentation to start this educational podcast + newsletter with. We get into many of the building blocks around game theory and business, our two main foci—and how business experimentation helps you make better decisions under uncertainty.

We'll see after The Experimental One if my bet on starting like this—rather than jumping into the deep end with Nash Equilibria and such—paid off. As I said on the last episode, we'll build towards The Gamey Theoretical One as we go along.

It's an experiment in itself!

• 1. Welcome to! Business Games! [00:06]
• 2. Exec Summary / Abstract [00:41]
• 3. The Basic Premise [01:37]
• 3.1 The Topic [01:37]
• 3.2 The Context(s) [02:47]
• 3.3 The Approach [05:01]
• 3.4 Two Words about Interviews [06:48]
• 4. What You Should Expect in Season One (the Experimental One) [09:48]
• 4.1 S01e01 JP Castlin x2 (Public + Premium) [10:54]
• 4.2 S01e02 Professor Ananish Chaudhuri x2 (Public + Premium) [15:42]
• 4.3 S01e03 Dawie Olivier x2 (Public + Premium) [20:23]
• 4.4 S01e04 Melissa Clark-Reynolds ONZM x2 (Public + Premium) [22:45]
• 4.5 S01e05 Ashlee Berghoff x2 (Public + Premium) [25:20]
• 4.6 S01e06 Rory Sutherland x2 (Public + Premium) [29:57]
• 4.7 S01e07 Lit Review [32:56]
• 4.8 S01e08 Bonus Discussion Episode with JP Castlin (Public) + Season Overview + Thoughts (Premium) [36:56]
• 4.9 S01e09 Season One Mailbag Episode (Premium) [37:38]
• 5. The Homework [38:14]

1. Read this fun article, first: Disney is playing a bigger game in its box office battle with Scarlett Johansson (marketingweek.com)
2. Want to Make Better Decisions? Start Experimenting (mit.edu)
3. Building a Culture of Experimentation (hbr.org)
4. Avoid the Pitfalls of A/B Testing (hbr.org)
5. “The Power of These Techniques Is Only Getting Stronger” (hbr.org)
6. Why Business Schools Need to Teach Experimentation (hbr.org)
7. Experimentation Works: The Surprising Power of Business...

How should you think about prediction and measurement success. An introduction.

A quick Newsletter-ish episode.

1. Schedule of episode “drops”
2. Predictions
3. Measurements
4. How do you listen to podcasts? Would you like a full transcript?

• Subscriptions About Business Games (Premium)
• Companion to Business Games Newsletter: The Opposite of “Measurement Is Impossible” Is Not “You Can Measure Everything!”—Predicting & Measuring Success
• NBA Finals Prediction Article On Decisions, Predictions, Betting Markets, and Los Angeles Lakers v Brooklyn Nets 2022 NBA Finals in October 2021!
• Prof Byron Sharp’s LinkedIn post here
• Why Marketers Should Be Wary Of ‘High ROIs’ #DigitalSense by Jerry Daykin

JP Castlin on Complexity, what it means for your business, and how to deal with it via safe-to-fail experimentation.

Originally planned to be Episode 1 of Season 1 (as per audio), becomes S02e02 because we now have 2 full intro episodes and can't have Episode 0 or Season Zero on the podcast platforms.

Next week, we'll talk about Experimental Economics—but in this episode, JP Castlin talks to us about complexity, how understanding complexity is relevant for running a business, and how it all relates to experimentation.

About Business Games: www.business-games.ai/about/

Add ~1 min to the timestamps after 11th minute mark.

• Introduction [00:00]
• On Complexity: A Primer [03:55]
• On Systems: In Nature and Organizations—Ordered Clear, Complicated, Complex, and Chaotic [04:38]
• A Marketing Example of a Dispositional System [06:14]
• …and a Chaotic System [06:53]
• On Experimenting in Different Kinds of Systems [07:09]
• On Two Types of Uncertainty: Epistemic (Knowledge-based) and Aleatory (Inherent and Irreducible) [08:11]
• On Contexts and More on Quantum Mechanics Vs Newtonian Physics [12:02]
• On How to Deal with Uncertainty in Complexity [13:49]
• Fail-safe Vs Safe-to-fail: Marvel Vs Blumhouse [15:15]
• Experimentation in Various Contexts [19:13]
• Online Vs Offline, and Operational Efficiency Vs Strategic Choice [20:28]
• On Eternal Boiling, Premature Convergence, A/B Testing, and Local Optima [23:46]
• System Has Its Own Behaviour: Ants and Colonies [26:52]
• Strategy and (Equi-) Probability [27:53]
• On Not Getting Disheartened [30:58]
• On Boundary Conditions, Company-specific Metrics, Scaling and Dampening [31:57]
• On Corporate Versus SME, Small Versus Big [34:28]
• On Product Versus Service [36:40]
• On Services, Complexity, Causality, and Defensive Decision-making [39:24]
• On the Value of Consultants in Complexity [46:12]
• On Cost-out Versus Value-add, Start-ups and Scaling [49:36]
• On Start-ups and Proprietary Data [51:09]
• On Deliberate Versus Emergent Strategy [52:54]
• (More) on How to Deal with Complex Problems in Practice [55:02]
• The Homework [57:39]
• JP’s Own Work as It Relates to Experiments, Strategy, and Complexity [01:00:17]
• On the Key Takeaways: Both Jokingly and Seriously [01:07:18]
• On Emotions in Experimentation [01:10:24]

• Substack: Strategy in Praxis https://strategyinpraxis.substack.com/
• WWW: JP Castlin https://jpcastlin.com/
• Twitter: @JPCastlin https://twitter.com/JPCastlin
• LinkedIn: https://www.linkedin.com/in/jpcastlin/
• MarketingWeek: 

What do Pornhub calculus and Jurassic Park experiments have in common? Listen to find out!

Emergent: endorsements, behaviour, Pornhub calculus, and Jurassic Park experiments. #3

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What do Devil's Advocates, information cascades, egos, and gender pay equity have in common? Find out here as Prof. Ananish Chaudhuri introduces experimental economics. Part 1/2

Prof. Chaudhuri introduces behavioural and experimental economics [04:38]; talks about how to start experiments by using existing published knowledge, first [12:25]; carrots & sticks versus intrinsic motivation [14:37]; wisdom of the crowd versus information cascades [29:30]; HR and gender pay equity [16:58]; individual versus group decision making [33:46]; electronic betting markets [35:43]; egos and buy-in [38:08], and more.

A bonus, paid-members-only follow-up discussion available on the personal Premium podcast feed (subscribe by clicking here) will dive much deeper into all the above + online experiment platforms & how to use them to set up experiments in your firm, separating incentives from beliefs, COVID vaccines & response, Pilots versus Doctors making mistakes, and much-much more.

Next week, we’ll look at corporate experimentation, crisis response, psychological safety, creativity, and more with Dawie Olivier—an established CIO and advisor to corporates & start-ups.

Last week, we introduced complexity theory and set up the experimentation contexts with JP Castlin.

• WWW: https://ananishchaudhuri.com/
• LinkedIn: https://www.linkedin.com/in/ananish-chaudhuri-571782203/
• Twitter: @ProfAnanish
• Behavioural Economics and Experiments (book, 1st edition): https://www.amazon.com/Behavioural-Economics-Experiments-Ananish-Chaudhuri/dp/0367463938/

• Could Blind Job Interviews Take on Gender Pay Pap? | Newsroom
• See Great Leadership: The Obligation to Dissent (greatleadershipbydan.com) for the discussion of the concept and the suggested antidote.

https://www.business-games.ai/about/

Robert Sarver of the Phoenix Suns is by many accounts an arsehole—but how is this relevant to good decision making / bad decision making? | Newsletter # 4

Robert Sarver of the Phoenix Suns, good decision making / bad decision making, wisdom of the crowd, diversity, and a boon from one of NZ’s top universities 😊

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