Game theory
is commonly known as a branch of mathematics that is concerned with the
analysis of strategies in dealing with competitive situations where the outcome
of a participant's choice of action depends critically on the action of his/her
opponent. The book written by Len Fisher is mainly about game theory and how we
mainly use it in our daily lives.
I myself could
really not understand the phenomenon behind game theory because as a personal
opinion there are different factors to consider when a person decides during a
critical decision. There are a lot of books that talk about game theory however;
those books were hard to understand for they are full of mathematical equations
and explanations which are off of my interests. Things had changed when I read
the book of Fisher for he had explained the book in a manner that non-mathematics
lover could understand. His book is flexible to all different preferences of
human.
Game theory
is also known to revolve about competitions, contests, battle, match, games and
the like which all leads to clashes and contradictions. Fisher used game theory
in another way; he used it to provide linkage, relation and cooperation among
humans which is the total opposite of the common belief about game theory.
The
introduction of the book had gotten my interest which had leaded me to read the
book even faster. The first part of the chapter was a bit boring but it indeed
had gotten my interest. The chapter was entitled "trap in a matrix"
is mainly about the Prisoner's dilemma and the negative connotation that the
Nash equilibrium is a logical trap. There was a matrix shown unfortunately the
graphics was poor and a little bit boring. However the content of the book was
still interesting which encouraged me to read the rest of the book.
The second chapter
entitles "I cut and you choose" is where the book started to be back
on track. This chapter offers a quick and nice introduction to the concepts of
minimax and fair division. Fischer used his experience back when he was a child
when he got in trouble because he was shooting fireworks and as a consequence
he had to yield fireworks with his brother as an anecdote to explain fair
division. He realized that what he had done when he was a kid is an answer that
he intuitively arrived; this was an example of the minimax principle. He also
further discussed the principle of equal division of the contested sum, which I
had interest into.
The third
chapter is about the seven deadly dilemmas. This chapter talks about the seven
most interesting game theory problems. He pointed out and discussed each
problem and provided a little summary of the problems as the rider issue and
the game of chicken.
The funniest chapter of his book is the fourth chapter which
is about the game rock, paper, scissors. He mentioned that this game is used
worldwide in different countries, cultures and races. It is amusing when he
mentioned that this game that I usually play; rock, paper, scissors is often
used in conflict resolution. I agree with his idea because sometimes in tough decision
or when a friend and I are having a dilemma because of contrasting ideas we use
rock-paper-scissors to know whose idea would be followed. Fischer explained
that the reason is that the game has no pure strategy that dominates the
others. The game is commonly played by a person's chance of choosing the right
weapon. He mentioned that situations and games that are seem to be at a
standstill it can be solved by adding strategies and converting them into
rock-paper-scissors.
The last
four chapters of the book mainly talk about the concept of cooperation. It is
about how we can achieve trust, bargain effectively, and change the game to
avoid the "trap" of the mentioned problem in chapter 1 the Prisoner's
dilemma and other unwanted and undesirable outcomes.
The last 50
pages of the book have a "notes" section. It was an additional part
of the book that is full of jokes, random trivia and narratives. This part of
the book was fun because different ideas about the game theory are talked
about.
It is
amazing how Fischer was able to write a book about a very difficult and
complicated topic to the public and still he was able to make his readers to
have an ease in reading. I also like his idea about cooperation. He had deviated
from the norm which had resulted to give me a new viewpoint about game theory. I
like the physiological approach of Fischer in relating and discussing game
theory which is easier to understand and more interesting. This book has also given
me some lectures about life and how I could apply game theory in my daily life
decisions.
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