Riskgaming

Luck rules our lives, so why don’t we teach more about it?

12 snips
Feb 14, 2025
Nicholas Rush Smith, Director of the Master’s Program in International Affairs at The City College of New York, discusses the power of luck in shaping our lives. He explores how play-based learning can revolutionize education, especially in political science and international relations. The conversation highlights the role of simulations in understanding complex systems, the crucial lessons learned through losing, and how dopamine enhances the learning experience. Smith also tackles how educational methods must adapt to address global challenges like climate change.
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INSIGHT

Games Reflect Market Opacity

  • Games can't predict every variable, mirroring the inherent opacity of real-world markets.
  • Opaque scoring systems in games simulate the uncertainty business leaders face.
INSIGHT

Emotional Impact on Decisions

  • Games evoke emotions that influence decision-making, similar to real-world scenarios.
  • Rationality and emotions are interconnected, impacting strategic choices in games and real life.
INSIGHT

Dopamine Loops and Learning

  • Dopamine loops, triggered by surprise and unexpected events, enhance learning in games.
  • These emotional experiences create memorable lessons that traditional learning methods often lack.
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