16. Backward induction: reputation and duels - Game Theory by Ben Pollak

Backward induction: reputation and duels  - Game Theory by Ben Pollak

To be on top your game. I speak in third person yet selfishly change to first person. To be on my game means what specifically to me in my minds eye. Sometimes its good to wait and be patient is the conclusion of the lecture. 

I believe backward induction is a unique thought. Challenging to use in all situations or even to acknowledge it. To back your self into the situation of your wanting. Being first mover and shooting at the best possible time to ensure victory and success. 

To be patient is always best yet when acted upon its not best to be patient. To play a game is to play to win and dominate. The idea of launching a product, entering a market, and taking a shot (as if that is last hope to say at least you gave it a try) puts backward induction in perspective. 

As this conversation has now become two minds, I will be more succinct with my words. Today I will work from a GIANT perspective. What does that mean. What thoughts shall I think to allow myself a GIANT thought. Be clear and prosper has become a daily meditation, which has consumed me. Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea. Let the brain, muscles, nerves, and every part of your body be full of that idea, and just leave every other idea alone. Swami Vivekananda. I have been wanting to put that to text.