Game Theory and Reliance

These days most of the business newspapers carry regular features on the Ambani brothers' internal fight to control the company and how Mr. Kamath is going to solve the problem.

In most of the standard textbooks on game theory, a similar problem is however solved in a very nice way. A mother brings a cake and divides it into two pieces and gives a piece each to each of her two sons. The two sons however believe that the other sibling got a higher share. How should the mother solve this problem?

And the answer is the mother should ask one of the two sons to divide the cake into two pieces and ask the other son to decide which piece he wants. I do not see any reason why the same cannot be applied to the Ambani brothers.

Either Mukesh or Anil can be askd to divide the control over Reliance empire into two equal share. Then the other brother can decide which one he wants. In this case both the brothers can do independent valuation of the group companies and the problem can be solved amicably.






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