The Game Club

Entrepreneurs and the Stag Hunt

The Game Club is based on the Stag Hunt, a story that became a game in economic theory.

What is the “Stag Hunt”?

Imagine 2 hunters in a forest. To survive, a hunter can either hunt a hare (small rabbit) on his own or a stag (big deer) in cooperation with the other hunter. Both hunters would have more food if they hunt a stag and get half each. Here’s the catch: Each person can only hunt for one or the other. If both hunters go for the hare, they will get to eat. If both hunters go for the stag, they will get a lot to eat. However, if one hunter goes for the stag and the other goes for the hare, one hunter will be left hungry. (This is a simplified description. For a more detailed academic version of the Stag Hunt, see Brian Skyrms or Wikipedia)

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How does this relate to entrepreneurs?

Entrepreneurs typically look out for themselves first ( “me, me, me” ) and many become successful in their own game (while statistically most fail). What if entrepreneurs looked out for a small group of others as they would for themselves (“us, us, us”) and aimed for a collective success? Could they improve their odds of success and achieve greater feats?