BurnedOut
Your friendly neighborhood asshole
Post some practical applications of Game Theory that you (can) use to enhance your life.
Game: Gain an upper hand in online chats
Context: Strategizing your chatting patterns so that you are not left looking like an attention whore which can have a really negative impact on your self-esteem.
Players: 2
Choices: Chat ; Ignore
Solution: Ignorance is a better strategy to pursue. Contrary to the commonly thought belief that being more available increases your chances of being taken seriously, seems right the opposite from a game theory point of view. Chatting has a better chances of yielding a worse outcome than ignoring.
Win-Win strategy: Set a schedule/appointment and hold the opposite party responsible for losing out. Since there is personal incentive involved in committing, skipping commitments comes with loss of dominance than gain.
Practical implications: I am surprised that such basic application of game theory works quite well in settings where you are dealing with people of your status.
Game: Gain an upper hand in online chats
Context: Strategizing your chatting patterns so that you are not left looking like an attention whore which can have a really negative impact on your self-esteem.
Players: 2
Choices: Chat ; Ignore
A (down) B (right) | Chat | Ignore |
Chat | Both gain info, bond, etc (+1, +1) | A loses self-esteem, B gains dominance (-1, +1) |
Ignore | A gains dominance, B loses self-esteem (+1, -1) | Both get nothing (0, 0) |
Solution: Ignorance is a better strategy to pursue. Contrary to the commonly thought belief that being more available increases your chances of being taken seriously, seems right the opposite from a game theory point of view. Chatting has a better chances of yielding a worse outcome than ignoring.
Win-Win strategy: Set a schedule/appointment and hold the opposite party responsible for losing out. Since there is personal incentive involved in committing, skipping commitments comes with loss of dominance than gain.
Practical implications: I am surprised that such basic application of game theory works quite well in settings where you are dealing with people of your status.