Everyday, in our day to day life, we encounter various situations where we are in a dilemma and do not know whether doing this shall be profitable to us or doing that would be. There are two approaches to tackle these kinds of problems. One is an approach via the the recently developing branch of mathematics known as 'Game Theory' and the other through the well established area of 'mind psychology'. In this article, the latter approach shall be dealt with, the author has taken great care not to dissatisfy the mathematical world yet to make it comprehensible to the common man.

The month of January is a special month as: January 1, or January the first, is of course the first day of the calendar year. This is true in both the Julian and Gregorian calendars. I'm referring to the standard calendar year, in which months are ordered: January, February, March, April, May, June, July, August, September, October, November, December. It used to be in history that the first day of a medieval Julian new year was a day other than January 1. January 1st was adopted as the first day of the Julian year by all Western European countries except England between about 1440 and 1610. After the first of January 364 days in the year exist(365 in leap years).