Wednesday, November 17, 2010

The Game Theory

Rules

1. There is nothing called a decision.
2. Decisions in aggregate is a way of life
3. There is nothing called a good or bad decision. With or without hindsight. Each outcome of an action is just another data point.Keep your eyes on only the aggregate.
4. Everybody has something to offer to you. Meet everybody. Learn to differentiate bias from intelligence, even your own. Always know your biases. If not, ask others they will tell you.

Execution
1 Start with a parameter value of an objective
2. Define your constraints. Define your system. Freeze the system.
3. You cannot change the constraints. Accept it. Find a way around.
4. Start the game
5. After sufficient iterations freeze the objective, if need be change it. Never be afraid of changing your mind, the best traders are the most fickle minded people. Ignore the sticks others will give you for focus or lack thereof.
6. Define your means/channels. Set up as many of them as you can, though one at a time.
7. Never confuse means with objectives
8. Be indifferent to means.
9. Do not question your cards. If you don't like the game, throw your cards down. Ask fate to deal them again. Understand that the next set of cards will be equally random.

Conclusion
1. You will make mistakes, that is one of the most beautiful ways to live a life. Embrace it.
2. Nobody knows how any thing would turn out. Stop asking people the answers to your life.
3. Sometimes rather than trying to change the objective, the means , the game, try changing your own perspective on things. Observer and the observed. Quantum physics?

Two men looked out from a prison window, one saw the sandstorm, the other the stars.

P.S1. A lot of lessons are from my start up days, which is now history.
2. Operations research( Constraints et all) and Numerical Methods( Iterations et all) still remain my favourite all time subjects.

4 comments:

Witness said...

Fiercely encouraging!

Witness said...

I re read it like 3-4 times.It's very cool and solid!

Ankita said...

Thanks for the 'Conclusions'
Cheat-sheet for a wandering mind :)

Take a Hike said...

thanks shweta :)

@Ankita..:) you may say so..u ankita pathania right?

Followers