Welcome to the Free Course in Applied Game Thinking. Today’s lesson: Investing for Wealth
If this is your first time on this site, Welcome.
Let me give you a short introduction to the concept of Applied Game Thinking.
If you are already a student in the free course, just skip ahead to today’s lesson
For Beginners: What is Game Thinking?
Applied Game Thinking is a system that explains why and how individuals and organizations strategize, i.e. make decisions when one person (or more than one other person, place or thing) might also affect the outcome of the decision.
The work is based on a concept called Game Theory. In the 1930’s John von Neumann (December 28, 1903 – February 8, 1957) developed an interest in how people strategize in certain environments especially game environments. A Hungarian-American physicist, inventor, computer scientist, polymath and one of the greatest minds of the twentieth century, Von Neumann had made, and would make major contributions to a number of fields.
Von Neumann, a skilled poker player, began to explore the obvious and subtle elements that made a person a winning player.
He saw that the best players had an understanding of various models of conflict, competition and cooperation between intelligent rational decision-makers. Even children have this understanding when playing simple games.
Von Neumann saw that the same elements used in poker and even simple games like Tic-Tac-Toe. Game Thinking could also be applied to more complex systems such as economics, political science, and psychology, as well as logic, computer science, biology and business and personal relationships. Originally, his explorations focused on games where someone wins at the expense of others (win/lose games). These came to be known as zero-sum games,
Von Neumann improved and extended his ideas on Applied Game Thinking. He and many others defined games and the strategies one could apply in games based on various factors. Including:
- Is it a win/win game or a win/lose game?
- Do the players compete sequentially as in chess or simultaneously as in Rock-Paper Scissors?
- Do all the players have access to the same information (perfect-information) or so some players have access to information that the other players do not have (Imperfect information)?
I am a wealth, success and human potential mentor and coach. I spend most of my time refining and expanding the ideas in classical game theory and presenting them in a form that even a nine year old can understand.
By applying the concepts in game thinking and following the suggestions in this course you will be able to solve any problem if it is actually solvable. In addition many problems that previously seemed impossible to solve will fall into the realm of the obviously solvable.
If you are interested in exploring applied game thinking on a deeper level I suggest you explore the many Ebooks and soft covered mentoring and coaching books listed on the RealUGuru.com website.
I also offer a large number of personal mentoring and coaching programs.
Today’s Lesson in Game Based Thinking
Using applied game thinking, gamification and game theory in becoming a successful and wealthy investor is a simple process.
There are five key factors you must address when creating an investment game (plan).
- Are you seeking to invest for the short term or build for long term wealth accumulation?
- Are you seeking a conservative, low risk investment, or a higher risk investment with the potential for much greater returns?
- Do you have the information and influence necessary to maximize your investments at the lowest possible cost/
- Do you have an understanding of how income, deductions, contributions, investments and taxes effect how you build wealth?
- How much do you have to invest? $50, $400, $1,000, $2000?
Without having these five elements in place you are likely, at least financially, to struggles unnecessarily.
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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
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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.
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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:
This course and all the offerings on www.RealUGuru.com focus on the application of applied game thinking, 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.
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