GAME THEORY
The strategic insight is that other people’s actions tell us something about what they know, and we
should use such information to guide our own action. Of course, we should use this in conjunction
with our own information concerning the matter and use all strategic devices to elicit more from
others.
The general point is that in games it is not always an advantage to seize the initiative and move first.
This reveals your hand, and the other players can use this to their advantage and your cost. Second
movers may be in the stronger strategic position.