Game Theory- Pirates and Gold Example

Game Theory- Pirates and Gold Example

Game theory is the process of thinking rationally about the causes and effects of decisions. Working through how people thinking, risks taken, and rewards of how your choices will play out will help you obtain a more fulfilling life.

This is just one example of how to thinking about distributing wealth to your crew on a pirate ship. Situations like this happen all the time haha. This is a classic game theory example. But once you get in the habit of thinking, and processing outcomes like this, it will be easier to make optimal choices in situations throughout your lifetime.