HAGT is an anagram for Harrison’s Applied Game Theory… …To understand how HAGT works you need to understand how game theory works. Among scientists, game theory is the name used to describe systematic concepts that were designed to explain why and how individuals and organizations strategize, i.e. make decisions when one…
All posts in December 2020
Why Game Theory is the New Secret to Happiness
Among scientists, it is the name used to describe systematic concepts that were designed to explain why and how individuals and organizations strategize, i.e. make decisions when one person (or more than one other person) might also affect the outcome of the decision. This concept is so important that researchers in the field have…
The Best Game Theory Strategies for Worst-Case Scenarios
A worst-case scenario is a concept in risk management wherein a decision-maker, in planning for potential disasters, considers the most severe possible outcome that can reasonably be projected to occur in a given situation. In life, we are constantly placed in situations where we must make decisions, and some of these conditions may lead to…
The Great Game Theory Guide: #14 Using “Big Data” to Create Winning Strategies
L. Harrison Q. Lewis, where do you get the information you need to create winning game-based strategies? A. Many game theorists ask how I access so much information across so many disciplines and fields of exploration. I answer, that my research, sourcing, and process has been developing for over forty years. Now, before I answer…
HAGT And The 80% – 20% Principle – Achieving your full potential without struggle
Achieving your full potential without struggle Photo by Elena Mozhvilo on Unsplash I have always been intrigued by the ideas of the Italian economist Vilfredo Pareto. He observed in 1906 that for many phenomena, 20% of invested energy is responsible for 80% of the results. This important statistic reflects the value of conserving and balancing physical,…