49: Strategic Planning Using Game Theory With Noah Healy
Noah Healy is a professional developer, Founder at Coordisc, and recreational mathematician who has become an expert on game theory and designing marketplaces. Noah discovered a superior form of marketplace and is working toward adoption of this technique to upgrade the economy. He joins Nana this week on Build Value By Choice to discuss his strategic planning using game theory.
KEY TAKEAWAYS
- The simplest form of game theory is in two player games where one player’s victory is another player’s loss, for example chess or rock, paper, scissors.
- Game theory is essentially the mathematics of strategy. If you’re engaging in strategic thoughts then you’re engaging in game theory.
- John Nash, who gained fame from the film A Beautiful Mind, coined the Nash equilibrium. This identified that all games will have idealized strategies and by applying these strategies you can maximize your outcomes.
- When you’re working with the underlying incentives associated with game theory, you need to remember to actually incentivize people with something they want. If you don’t check in on people’s interests and assume too much, then you’ll be trying to get someone to do something for something they don’t want.
BEST MOMENTS
‘The thing about game theory is that it gets complicated extraordinarily quickly’
‘The growth of strategic complexity without some kind of binding system becomes absurdly large’
‘Employees and customers have a cooperative relationship’
‘Incentives are important from the point of view of their receivers’
EPISODE RESOURCES
https://bit.ly/productizeebook1
https://www.linkedin.com/in/noah-healy/
VALUABLE RESOURCES
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ABOUT THE GUEST
Noah Healy is a professional developer, Founder at Coordisc, and recreational mathematician who has become an expert on game theory and designing marketplaces. He’s born and raised in Charlottesville VA. He’s discovered a superior form of marketplace and is working toward adoption of this technique to upgrade the economy. He has diverse interests including philosophy, cooking and fiction. Building on breakthroughs merging physics and mathematics in the 20th century, he has developed a patent pending system to supersede commodity markets. He usually talks about shifting financial systems to make production more profitable, increasing the economic potential for everyone.
PODCAST DESCRIPTION
Hosted by Nana Bonsu of Infinite Horizons, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. We are certified value builder advisors and leverage a statistically proven methodology to help clients such as you scale or transition their business to the next chapter.
We care for our listeners and see their dreams as our own. We aim to foster a community that embraces freedom, generosity, and integrity. This is a show by entrepreneurs and business owners for entrepreneurs and business owners.
ABOUT THE HOST
Nana Bonsu:
“I am an entrepreneur and ex-Corporate Executive who’s applying his experience and knowledge from working in various ways to pursue my passion of helping small business owners increase their choices in life by leveraging my knowledge and experience, their employees, systems and money. I help small business owners transform their business and increase value through action-oriented education and implementation of strategies and tactics to make their business sellable even if they are not planning on selling. Known for establishing an environment for personal growth and development. My multicultural background equips me with the intuitive understanding of different cultures and how they impact business owners.”
nbonsu@https://infhorizons.com
Infinite Horizons, Inc. on LinkedIn
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