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Game Theory : I will find the optimal strategy

Definition of Game Theory Game theory is the study of strategic decision-making in situations where people interact with each other. It's like deciding 'which movie to watch', where everyone's choices affect others. Here, each 'player' tries to find the optimal strategy to maximize their benefits. Examples of Game Theory The 'Prisoner's Dilemma' is a classic example of game theory. It depicts a situation where two prisoners must decide whether to cooperate or betray each other. It's similar to deciding 'who gets the last piece of pizza', where each choice impacts the other person. In the real world, it applies in various scenarios. For instance, when companies engage in price wars, they predict each other's pricing and adjust their strategies accordingly. This is akin to competing for 'who offers more discounts'. Lessons from Game Theory The most important lesson is to predict the behavior of others and adjust yo

Definition of a Small Society

Definition of a Small Society A small society refers to the complex interrelationships and interactions formed within a limited space or group. This is akin to a variety of socks mixed up in a drawer - small, but with diverse personalities and relationships within the community. Examples include neighborhoods, hobby clubs, classes, and office teams. Examples of Small Societies Examples can include neighbors collaboratively tending a community garden in an apartment complex, members of a hobby club sharing and praising each other’s work, or a small group formed in a school or workplace for a specific project. These groups form close relationships much like a family sharing a meal. Another example can be small groups or forums on social media. They share common interests or objectives and form close networks even in a virtual space. Lessons Learned from Small Societies Small societies teach the importance of cooperation and empathy. When different individuals collaborate to

Definition of an Open Society

Definition of an Open Society An open society is one that respects individual freedom and diversity, and is receptive to change and innovation. Imagine it being as flexible as a rubber band, where various opinions and cultures freely express themselves. Here, 'diversity' means each person's unique thoughts and culture, while 'flexibility' refers to the society's ability to adapt to change. Examples of an Open Society Scandinavian countries are prime examples of open societies. In these nations, a variety of thoughts and expressions are freely conducted, and social equality and welfare are well-established. Just like a garden where different flowers bloom, 'social experiments' are actively conducted in such societies. Lessons from an Open Society The biggest lesson we can learn from an open society is the 'acceptance of diversity'. By embracing diverse opinions and cultures, we can broaden our perspectives and understanding. It's

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