Game Theory: Strategy for Entrepreneurs & Life Decisions

“Spend at least a couple hours per day really thinking through what you’re doing in your life” - Tai Lopez(click to tweet)Unintended consequences often negate the good that a regulation or ruling in government is trying to do. In fact, often the problem that was supposed to be solved is simply magnified through the unintended consequences, and the same thing can be true for your life.That is why I believe that entrepreneurs, and really everyone else as well, need to learn game theory, to understand the various ways in which their decisions will affect other people’s decisions, thereby potentially changing the outcome, and sometimes reversing the good you were trying to do with the decision in the first place.Listen to this episode to learn more about game theory and how it can apply to the decisions you make.Also, make sure to checkout the new Tai Lopez Flash Briefing on Alexa!“In the modern world, you need to be careful not to be overstimulated” - Tai Lopez(click to tweet)Points to Keep In MindA lot of regulations have unintended side effects that must be consideredFor every action, there is an equal and opposite reactionHumans have a desire to simplify complex topic to understand them, with the result often being that the wrong conclusion is reachedMother nature always laughs lastEntrepreneurs need to understand game theoryAlways consider how your actions will be perceived by others, not just the immediate impactThe current education system encourages students to pump information into their brain and then dump it out once they finish the testIn the modern world, you need to be careful not to be overstimulatedSpend at least a couple hours per day really thinking through what you’re doing in your lifeThe human body is built to do HIIT: High Intensity Interval TrainingIt’s always better to sell to the willingSee omnystudio.com/listener for privacy information.