Group and Game Theory

Do we have the desire ( gumption ) to compete in the global market? Do we believe that we can take on the world single handedly? Or do we adopt a big fish small pond syndrome?
It is not unreasonable to state that we have a long long way to go. First we need a new breed of risk-takers who understand the meaning of deferred-gratification. Not only must we be seen to be working together but also indeed working together in substance and for the common good of the group. Only when we understand the meaning of aligning of interest can we deal transparently with the issue of conflicting interest. For those who don't or choose to ignore them will soon realise the consequences underpinned by John Nash's game theory – an initial win-lose outcome will inevitably turn into a lose-lose as exemplified by the now classic poser - Prisoner's Dilemma. Take a leaf from the vampire bats - they understand the meaning of mutual deterrence. Do we?
To be an ACE entrepeneur, we must first learn to tone down our urge for instant gratification.

Keywords: ACE, game theory, Prisoner's Dilemma