The Great Game Theory Guide: #19 — The Basics

If you don’t know where you are going, any road will take you there.

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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.

To be a successful game player, especially in a competitive situation requires strong intuitive skills and the ability to gather, organize, and remember larger amounts of data.

In the 21st century the concept of large amounts of organized data (data sets) is known as Big Data. These systems of information are so large and complex that traditional data processing applications are inadequate to deal with them. The term “Big Data” often refers simply to the use of predictive analytics or other certain advanced methods to extract value from data, and seldom to a particular size of data set. Accuracy in big data may lead to more confident decision making. And better decisions can mean greater operational efficiency, cost reductions, and reduced risk.

Analysis of data sets can find new correlations, to spot business trends, prevent diseases, combat crime, and so on. Scientists, practitioners of media and advertising, and governments alike regularly meet difficulties with large data sets in areas including Internet search, finance, and business informatics. Scientists encounter limitations in e-Science work, including meteorology, genomics, connectomics, complex physics simulations, and biological and environmental research.

To practice HAGT and use Game Theory in the creation of effective strategies one need only the most basic math skills:

* subtraction,

* addition,

* division

* multiplication.

These are skills that most seven-year-olds would understand on a basic level.

In addition, you need to know…

1. What is the name of the game you are playing?

2. What is the defined environment of this game?

3. What are the rules of the game — i.e. the core elements that define the type of game you are playing?

4. What are your own beliefs and ideas concerning the game?

5. How to re-frame a game. Your perception of the game and the various elements may be inaccurate or ineffective?

6. Choosing your strategies.

Final thoughts

If you don’t learn how to play the game, you will be eaten by those who have.

I’m the author: I am a game theorist and a teacher on peak performance. I am also a results-oriented business and self-improvement coach offering advice for innovators of all levels.

I am always exploring trends, areas of interest and solutions to build new stories upon. Again, if you have any ideas you would like me to write about just email me at LewisCoaches@gmail.com

About My Blogs

Most of my blogs are anchored into the concept of Applied Game Theory. This idea explores how and why people make certain choices, including decisions related to their health, well-being, personal success, and self-awareness.

For an introduction to applied game theory read this vlog (9-minute read and 15-minute video) at…

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By Lewis

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I offer advice on the arts, innovation, self-improvement, life lessons, mental health, game theory strategies, and love.

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