Game theory at work: When to talk and when to shut up (2024)

Summary

Nobody tells me what to do at work. But sometimes, I tell myself to shut up.Before we dive into the workplace, let’s talk about game theory. No, it’s not about videogames or board games like Settlers of Catan. Game theory is the study of strategic decision-making. It’s a fancy way of saying, “If I do X, and you do Y, what happens?”Game Theory 101: The Ukraine-Russia ConflictLet’s look at a real-world example: the ongoing conflict between Ukraine and Russia, with NATO in the mix. Don’t worry, I’m not getting political here - just using it as an example of game theory in action.Picture this:Ukraine wants to maintain its independence and potentially join NATO.Russia wants to prevent NATO expansion and maintain influence over Ukraine.NATO wants to support Ukraine without triggering a larger conflict.Now, let’s break it down:If Ukraine joins NATO: Ukraine gains security (win)Russia loses influence (loss)NATO expands (win)If Russia invades Ukraine: Ukraine loses territory (loss)Russia gains territory but faces sanctions (mixed)NATO is challenged to respond (complicated)If NATO directly intervenes: Ukraine might be saved (win)Russia is confronted (loss)Risk of a larger conflict increases (big potential loss for everyone)See how complicated this gets? Each player has to consider not just their own moves, but how others might respond. That’s game theory in a nutshell.Now, let’s bring this back to something a bit less world-changing: your job.The Game of Workplace CommunicationEvery time you open your mouth at work, you’re playing a game. The stakes? Your reputation, relationships, and sometimes even your job. The players? You, your colleagues, your boss, your customers(!!!), and anyone else within earshot.Let’s break down a few scenarios:Scenario 1. The Political Powder KegShould you talk about politics at work? HELL NO.Here’s the game theory breakdown:If you talk and people agree: Small gain (maybe a nod of approval)If you talk and people disagree: Massive loss (damaged rel...