My last post tried to put into visual perspective a bit of an overview of game theory since most of our common knowledge of game theory derives from the rather singularly myopic focus by the media on “zero sum games” (see Games Politicians Play).
So, the next question should probably be – is this game theory stuff just for those ivory tower folks (not the media), or might it actually be practical and useful? In other words, “do I really care?” I wish to state publicly here and now, the answer is “Yes!” if for no other than two simple reasons. First, whether we know it or not, we are already unknowingly practicing some parts of game theory, probably every minute of every day. And second, having a better understanding of game theory will give us a heads-up and a constructive advantage in life, career and otherwise (which is one of the objectives of this blog).
Now you’re at a fork in the road – choose one way, click out of the blog now, and stand pat on your current (mis-)understanding of (im-)practical game theory and continue practicing it wrong, incompletely, and for the wrong motives – and most likely continue to end up with the wrong results. Or, choose the other way and follow me down the rabbit hole, continuing our tip-toe (or gallop) to a better understanding of practical game theory, and watching the next 5:00 minute installment of Games People Play on applications of zero sum and other games.
I’m collecting stories (examples) to use in each of these areas, so if you have something classic or really remarkable (with or without names), please let me know.