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The Great Game Theory Guide: #19 — The Basics
If you don’t know where you are going, any road will take you there.
Applied Game Theory, also known as Harrison’s Applied Game Theory (HAGT), is an umbrella term for thousands of life strategies including those related to business, politics, spirituality, competition, sports, romance, classical game theory, and even interactions with nonhuman players such as computers, animals, and plants. Most of the games within the model of HAGT combine logical and intuitive strategies the goal which is to maximize love, joy, freedom, spiritual intention, community, clarity of thought, emotional balance, personal contentment, inner wisdom, and happiness.
Whether the players in a game are rational or emotively-driven, all games are built on four basic mathematical principles (constraints).
1) A choice
2) An event
3) An outcome
4) A payoff. This might be money, points, or some other payoff — utility.