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The Game Theory of the Auto Strikes
Oct 9, 2023
This podcast discusses the application of game theory in analyzing the United Auto Workers strike against Detroit's Big Three automakers, exploring negotiation tactics, strategies, and the predicted timeline for the strike's end.
08:43
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Quick takeaways
- Game theory can provide insights into potential negotiation strategies and the future outcome of the auto strike.
- By mapping out the different moves each player can make, game theory can help guide labor negotiation strategies and assess potential consequences.
Deep dives
The game theory of the auto strikes
The United Auto-Worker Strike Against Detroit's Big Three continues to escalate into its third week. With over 25,000 union members striking for better pay and benefits, experts are turning to game theory to understand how the strike may play out. Game theory, a science of strategic thinking, can help model and predict human behavior in situations where conflicting interests are at play. By calculating the value and resources at stake for each party involved, game theory can provide insights into potential negotiation strategies and the future outcome. The auto strike, with multiple players and interests, presents a complex game theory scenario.
