In game theory, generalists sometimes win out over specialists, finds research (opens in new tab)

Whether you're playing poker against a single opponent or find yourself in a bidding war over a home purchase with another prospective buyer, you are operating under conditions of imperfect information. You know what cards you're holding in the poker game, and you also know how much above the home's asking price you can afford, but you don't know your opponent's hand in the card game or how high the other home buyer is willing to go.