A game theoretic approach for optimum strategy in life

S. N. Gupta, Kuldeep Kumar

Research output: Contribution to journalArticleResearchpeer-review

Abstract

Game theory presupposes that there are at least two players with conflicting interests and the outcome of the game depends on the decisions of all the players, while the decision theory presumes that the decision of only one agent aff ects the outcome because the decision maker (group or individual) has to reckon with only a passive environment (i.e. he has no opponent). In this study we treat life as a game with the human being on one side and the Nature (not the passive environment) on the other. Using the results of the game theory, it is shown that an optimum strategy for life is: "Do thy duty, reward is not thy concern" i.e. to engage in the performance of one's duty without caring for success or failure.

Original languageEnglish
Pages (from-to)49-58
Number of pages10
JournalJournal of Interdisciplinary Mathematics
Volume16
Issue number1
DOIs
Publication statusPublished - 2013

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Game theory
Game Theory
Game
Group Decision
Decision Theory
Decision theory
Reward
Strategy
Life
Human

Cite this

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A game theoretic approach for optimum strategy in life. / Gupta, S. N.; Kumar, Kuldeep.

In: Journal of Interdisciplinary Mathematics, Vol. 16, No. 1, 2013, p. 49-58.

Research output: Contribution to journalArticleResearchpeer-review

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