Boon.
There’s a famous saying, “We cannot change the wind, but we can adjust the sails.” And this is really important in life. I think accepting a harsh reality is one of the harder skills in life. Whether it’s an ailment, injury, lost love, or anything else, a lot of the time it’s hard to look at it from a point of view of, “How can I make this situation better?” instead of, “How can I change this situation?”
Oftentimes, we try to fight against reality. We hold onto sunk costs and the fallacy of optimal situations. What is in front of us, is what is in front of us, and it’s important to always consider your best course of action from there. The wind is already blowing, so you can adjust your sails, or wish for better wind.
Nash Equilibrium
Nash Equilibrium: The point at which no player wants to change their strategy given what the other players are doing.
This is a game theory concept. Basically, this is finding the best course of action for yourself or your business, regardless of what the other players are doing.
https://youtu.be/S0qjK3TWZE8?si=J8CK7_O14ROGJTfJ
Check out this video, it’s a great example of game theory.
Basically:
1.) If both players choose to split, they split the prize. Both happy.
2.) If one player chooses split, and the other player chooses steal; then the person who chooses steal goes home with all of the money.
3.) If they both choose steal; neither of them gets any money and they both go home empty handed.
Now this is a great example of game theory, and the man on the right played this out very well.
— Obviously, each player wants to go home with something.
— Also obviously, neither player wants to go home with nothing, while the other goes home with the whole prize.
So if you choose split, you either go home with half or nothing.
If you choose steal, you either go home with everything or nothing.
To circumvent this dilemma, the man on the right tells his competitor, “I’m 100% going to pick steal, and then split the prize with you after.”
100% he’s going to pick the steal ball. So the only options he is giving his competitor are to: pick steal, and they both go home with nothing. Or to pick split and trust that he will split the prize with him.
Basically he’s saying, pick split or we both get nothing. It plays out in the video, but I think it’s a great example of game theory and what we’re talking about.
It’s important to find the best course of action given what other players are doing.
That’s basically it for now. I’m doing photography significantly less nowadays. I’m occupied trying to untie myself from a 9-5, acquire deeper knowledge and understanding, and to physically level up.
Part of me wants to believe I still love photography, but another part of me recognizes that I might not any more. I tainted it for myself and my logical side is having more fun in the world than my creative side.
Anyways, I hope that you’ve been having a great start to the summer. I kind of forgot what it’s like when it’s hot out haha.
Thanks for reading.
As always,
stay warm.
dc
