Review and Quotes from “Game Theory, a nontechnical introduction”

GameTheoryI have always enjoyed math. There is always a right answer. That’s generally how I approach life, seeking right answers to every problem, circumstance and situation.

This book was given to me by a business partner and friend whom I greatly admire. He often compliments my intuition and implicit capabilities. I have wondered what he means by this. I have generally just considered many of my actions to be common sense responses. Game Theory has helped me to recognize that much of what I thought was common sense may actually be the secret marriage of my love for math and real world dilemmas. Wikipedia succinctly defines game theory as “the study of mathematical models of conflict and cooperation between intelligent rational decision-makers.” I believe that is a good, simple description; however, I have now found that the intentional application of game theory can be just as complex as the deepest levels of algebraic geometry; which is nice since life’s decisions range from obvious to overwhelmingly complex. I love that the book introduced me to a structure for intentional decision making navigation.

This book is a good introduction for anyone interested in game theory.

A few quotes that I underlined are:

“As poet and mathematician, he would have reasoned well; as mere mathematician, he could not have reasoned at all, and thus would have been at the mercy of the Prefect.” – The Purloined Letter (Edgar Allan Poe)

“Generally, a person’s wealth affects his or her attitude toward risk.”

“Experiments have shown that decisions often depend on seemingly irrelevant variables.”

“It is as though there is an ‘invisible hand’ – similar to the one that is understood to work in economics – that weaves individual behavior into a pattern for the entire species.”

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