How to Win the Game of Life Through Applied Game Theory
If one is going to win at the game of life it is important know what type of game one is playing. Is it political, war, religion, or relationship? Yes these are all games
Based on this idea there are three classes of “life games”:
- Games of chance: Agame of chance is a game whose outcome is strongly influenced by some randomizing device, and upon which contestants may choose to wager money or anything of monetary value. Common devices used include dice, spinning tops, playing cards, roulette wheels, or numbered balls drawn from a container. A game of chance may have some skill element to it, however, chance generally plays a greater role in determining the outcome than skill. A game of skill, on the other hand, also has an element of chance, but with skill playing a greater role in determining the outcome. Some games of chance may also involve a certain degree of skill. This is especially true where the player or players have decisions to make based upon previous or incomplete knowledge, such as blackjack. In other games like roulette and punto banco (baccarat) the player may only choose the amount of bet and the thing he/she wants to bet on; the rest is up to chance, therefore these games are still considered games of chance with small amount of skills required. The distinction between ‘chance’ and ‘skill’ is relevant because in some countries chance games are illegal or at least regulated, but skill games are not. Any game of chance that involves anything of monetary value is gambling.
- Combinatorial games: These are usually 2 player games where the action is sequential (he players take turns changing in defined ways or moves to achieve a defined winning condition) and where each player, when making any decision, is perfectly informed of all the events that have previously occurred, including the “initialization event” of the game (e.g. the starting hands of each player in a card game). This information scenario is known as “perfect information” in game theory. Chess is among the most popular of this type of game.
- Sequential games with imperfect information games: These are usually 2 player games where the action is sequential (he players take turns changing in defined ways or moves to achieve a defined winning condition) and where each player, when making any decision, is not informed of all the events that have previously occurred. Prisoner’s Dilemma and Diner’s Dilemma are among the most common of these games. You will know both of these games if you ever watch crime shows like “Law and Order”
If you don’t know what game you are playing you will end up in a game you hadn’t planned on playing and you are likely to lose!
You can learn how to win the game of life by exploring other blogs on this site and all the books, courses and advanced coach trainings at www.RealUGuru.com
If you are looking to take the next step in your life a great place to begin is by reading my Ebook.
Winning the Game of Life: A Primer to Lewis Harrison’s Applied Game Theory
The book can be purchased and downloaded by clicking below at:
Lewis Harrison – RealUGuru, is a writer, content-rich, motivational speaker, and an entrepreneur specializing in problem solving and strategizing based on game thinking, applied game theory and Game Thinking.
He is the author of over twenty-two books published in five languages.
Please like his “fan” page at:
Don’t forget to tune to the RealUGuru Radio show every Thursday 4-6 PM EST at WIOX 91.3 FM or on your smart device at WIOXRadio.org.
If you are interested in business success in the 21st Century in the arts or in any other endeavor you need to read Lewis’ recently published business books.
You can find books on game theory and business success here:
In addition Lewis is THE CREATOR OF Lewis Harrison’s Applied Game Theory, seminar leader, futurist, NPR affiliated radio talk show (WIOXRadio.org) host, success and life coach and a best-selling author.
He is the creator of a web site – www.RealUGuru.com that focuses on the application of gamification, decision science, positive psychology, happiness, and visionary thinking to solve basic, complex and extreme problems. He is the creator of a free course on business success and human potential.
Here is a short interview with Lewis;