ABSTRACT

In the meantime, management science was advancing in a most helter-skelter fashion, as if its adherents were unaware of the difficulties involved in reducing the parameters involved in economic activity to the few needed to objectively evaluate the cause-and-effect sequences empirically. Game Theory seemed to be the perfect answer, reducing, as it did, the parameters involved in intelligent interactions. If Game Theory could not explain the Universe, then perhaps it could help explain why macroeconomic schemes could advance or deter the creation of wealth; at the very least, Game Theory should be able to help anticipate individual or organizational strategy selection in a given market. While chess became widespread during the 1500s, the game it was based on, shantraj, has been around since the early Christian era. In a way, chess is a model of life, a miniaturization of the universe.