Game Theory

According to Wikipedia, Game Theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers. Game theory is mainly used in economics, political science, and psychology, as well as in logic and computer science. Originally, it addressed zero-sum games, in which one person's gains result in losses for the other participants.Today, game theory applies to a wide range of behavioral relations, and is now an umbrella term for the science of logical decision making...” Life can be viewed as if it were a game. But make no mistake, when it comes to personal finance, you’re dealing with other players who know how to play and win the game. While you

Trading in Your Financial Goals for Habits

Not too long ago, I decided that I wanted to make mindfulness, a kind of meditation based on a heightened awareness of one’s self, part of my daily routine. But it didn’t just happen overnight. I had to build habits. While you could say I had a “goal” to practice mindfulness, it was the newly-formed habits that were most essential. Spend 20 minutes every day reading about mindfulness. Meet with an expert weekly to learn proper techniques. Commit to the same time every day to begin practicing. In a 2009 study published in the European Journal of Social Psychology, researchers determined that it takes, on average, 66 days for a new behavior to become “automatic.” After a month or two, mindful


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