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The Colonel Blotto Game: How Underdogs Can Win

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If you’ve ever wondered why underdogs win or how to improve your odds of winning when you’re the underdog, this article on The Colonel Blotto Game is for you. *** There is a rich tradition of celebrating wins by the weak—while forgetting those who lost—including the biblical Story of David vs. Goliath. It is notable, that “David shunned a traditional battle using a helmet and sword and chose instead to fight unconventionally with stones and a slingshot,” says Michael Mauboussin. Luckily, David was around before Keynes said: “It is better to fail conventionally than to succeed unconventionally.” Turns out, if you’re an underdog, David was onto something. Despite the fact it is not as well known as the Prisoners’ Dilemma, the Colonel Blotto Game can teach us a lot about strategic behavior and competition. Underdogs can change the odds of winning simply by changing the basis of competition. So what exactly is the Colonel Blotto Game and what can we learn from it? In the Colonel Blotto gam

Numeracy | Reading Time: 7 minutes The Colonel Blotto Game: How Underdogs Can Win If you’ve ever wondered why underdogs win or how to improve your odds of winning when you’re the underdog, this article on The Colonel Blotto Game is for you. *** There is a rich tradition of celebrating wins by the weak—while forgetting those who lost—including the biblical Story of David vs. Goliath. It is notable, that “David shunned a traditional battle using a helmet and sword and chose instead to fight unconventionally with stones and a slingshot,” says Michael Mauboussin. Luckily, D

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