Game Theory in Life

Author: Sun Endi
Publisher:
Publish Date: 2006-01-01
Features: A skilled player plays for the win; even if he is thrown into the sea, he can swim back with a fish in his mouth; even if the sky falls, he can catch a swan. Playing for the win is not about "winning at any cost." From the perspective of game theory, sometimes winning and losing are just two sides of the same coin. Almost everyone who has an MBA or majors in economics at university will formally encounter game theory in their courses. Those who do not understand game theory will inevitably be at a disadvantage when dealing with these people. Life is composed of one game after another, and you and I are all striving to score high in them. This book provides a detailed introduction to game theory in life. In addition, this book will challenge your intelligence with fascinating cases and brain teasers, revealing the strange paradoxes in life. The term "game" sounds mysterious, but in essence, it means "game." If a more precise definition is needed, it refers to a game with both winning and losing outcomes. It can be said that game theory is a theory that gains knowledge about life competition through "playing games." Games are games, so what exactly is a game? In a certain sense, games are an abstraction and generalization of life, a simplified model of life. For example, chess has several roles: the king, rooks, bishops, knights, pawns, and cannons, which form an army. Of course, compared to real life, this model is too simple, but it can still reflect real life. Moreover, precisely because it is brief, the truths hidden behind the complex appearances become clearer. The desire to excel is human nature, which is the fundamental reason why people are obsessed with various competitive games or gambling. The original meaning of game theory is "game theory." This theory covers a wide range of "games": interactions in interpersonal relationships, moves in sports or mahjong, investments in the stock market, and so on, all of which can be skillfully explained by game theory. It can be said that in this mortal world, there is no game that does not involve competition. Game theory explores how smart and self-interested "players" take actions and interact with opponents. Life is composed of one game after another, and you and I are all striving to score high in them.