The Great Game Theory Guide: #17 — How To Hack Your Life With Applied Game Theory
Learning shortcuts to everything
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.
Game theory used in a number of disciplines and can be applied to make individual choices in everyday life. The theory has most notably used as a tool within the study of economics, particularly in politics, sports, and international affairs. The economic application of game theory can be a valuable tool to aid in the fundamental analysis of industries, sectors, and any strategic interaction between two or more firms or individuals who need to strategize to create maximum benefit at the lowest possible cost.
Today, game theory is used to get power and wealth for the powerful and wealthy. This simple idea of framing life as a game has become a significant method used in economics and business for modeling competing behaviors.
Applications for game theory include a wide and diverse array of economic phenomena and approaches, such as bargaining, mergers, acquisitions, mergers, mechanism design, voting systems, competitive strategies, and auctions. In 2020 the Nobel Prize in Economics was awarded to two scientists who developed new ideas concerning auctions and economic theory.
In spite of all this seeming complexity, sophistication, mathematics, statistics, and algorithms, the use of game theory can be applied to solve all types of problems simple and complex.
In life, we must deal with incompetence, corruption, ignorance, and other undesirable elements. To make the world a better place, we must have the ability to strategize over, under, around, and through challenges, obstacles, and extreme problems. For many thought leaders, game theory is the most effective, efficient, and productive way to achieve this end because it is an accurate reflection of nature.
There are three great strategists I have studied in my development of HAGT Harrison’s Applied Game Theory; Quintus Fabius Maximus Verrucosus, the Roman Military political and military leader, Sun Tzu the great Chinese philosopher, and Niccolò di Bernardo dei Machiavelli the political and humanist thinker. I have also studied many other strategists including Dawn Steele, and Edward Luttwak. Many other strategists and master tacticians have crossed my desk over the years. All were in a sense, pioneers in gamer-thinking. They used logic in decision-making and codified concepts so that they could be studied systematically.
If you are looking for a shortcut around game theory or winning the game of life, some way to “hack” it all, there is none. Game Theory is not a gamble. It is the short cut. It is the ultimate hack
The Source of this Story
This story was created from my seminar notes for (Harrison’s Applied Game Theory). To follow all of my extended Great Game Theory Guide postings and stories, check out the Table of Contents for the first few Medium.com postings at:
If you have an interest in learning more about applied game theory, game-thinking, video game strategies, and gamer psychology you can begin by reading this short introduction to the basics of game theory below. this includes a Medium.com article (a 6-minute read) as well as a more in-depth video embedded in the article. Both were created so they would be understood by 12-year-old.
Using all of the gaming skills you have learned from the sandbox, through Rubick’s Cube, and now into video games and sports will change your life in every way, for the better.
The Article: Click on the title ‘the Best Introduction…’ just below.
If you are still a bit confused about how to apply game theory in your daily life watch the 15-minute video interview with me below, Just click on the URL.
We also offer a course in Applied Game Theory.
Click on this URL link below and explore the course.
About the Author: Lewis Harrison, is a speaker a strategist specializing in applied game theory, strategies, decision science, and personal improvement.
I am always exploring trends, innovations, areas of interest, and solutions to build new stories upon. If you have any ideas you would like me to write about just email me at LewisCoaches@gmail.com
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