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Outsource magazine: thought-leadership and outsourcing strategy | August 18, 2017

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Game Theory

Herbert Simon: “Economic Man” and “Bounded Rationality”

May 5, 2017 | 2

Herbert Simon explored the intersection of philosophy, science, politics, economics and a range of other fields and called into question the traditional idea that “economic man” acts rationally. Simon, who was a long-time professor at Carnegie Mellon University, received the … Read More

Doing the sums on opportunistic behaviour

July 14, 2014 |

An incumbent supplier is invited to quote for some new work and submits a price that is more than double that of any other competitor. A client fails to provide feedback on a detailed proposal despite repeated requests. A senior … Read More

Stewart and Plotkin, the Prisoner’s Dilemma and Generous Strategies

October 16, 2013 | 3

I’ve been a game theory fan for many years, particularly as it relates to showing that cooperative behavior indeed creates true “win-win” situations. So I was excited to read a work of University of Pennsylvania professors Alexander J. Stewart and … Read More

Douglass North: institutions and success

October 11, 2012 | 1

This month’s Academic of Outsourcing tribute goes to Douglass C. North for his work on “new institutional economics.” North – a professor, economist, philosopher, and economic historian – was the co-recipient (with Robert Fogel) of the 1993 Nobel Prize in … Read More

Elinor Ostrom: getting involved in your own governance

August 2, 2012 |

This month’s column pays a tribute to Elinor Ostrom, who shared the Nobel Prize award in economic science in 2009 with Oliver Williamson. Ostrom, who died at age 78 on June 12, was cited by the Nobel Committee for “her … Read More

John Nash, Robert Axelrod, Game Theory and the art of playing nice

May 16, 2011 |

Next up in my series of columns about the great academic thought leaders who were seminal in the development and success of modern outsourcing are two one of my favorite game theorists, the mathematician and Nobel laureate John F. Nash, … Read More

All in the Game

April 6, 2011 |

This article originally appeared in Outsource Magazine Issue #23 Spring 2011

Leading academics charted a path that challenges the conventional definition of winning. Smart companies are applying these concepts, showing that win-win thinking is not just something nice to say: … Read More

Playing to Win

October 6, 2010 |

Kate Vitasek and Mike Ledyard on building stronger relationships and gaining greater value from your outsourcing relationships by getting vested…

While the traditional approach to outsourcing has its place, outsourcing has truly matured beyond cost reduction and labour arbitrage. Many … Read More