The Great Game Theory Guide: #17 — How To Hack Your Life With Applied Game Theory

Learning shortcuts to everything

Photo by JT on Unsplash

Game Theory is the name used to describe rational concepts (systems) that were designed to explain why and how individuals and organizations strategize, i.e. make decisions when one person (or more than one other person) might also affect the outcome of the decision.

Today, (2010), game theory has become an umbrella term for thousands of games, puzzles, and real-life scenarios. Most of these games and puzzles are rational approaches to many different defined interactions. These interactions may include relationships in business, spirituality, competition, sports, romance, and even interactions with nonhuman players such as computers, animals, and plants.

Another way of describing game theory is the observation of a set of ideas and numbers that describe the past, present, or future state of something particularly strategic interactions between two or more individuals or groups (players) in a situation containing set rules and outcomes.