The Art of Strategy: A Game Theorist’s Guide to Success in Business and Life
- ISBN13: 9780393337174
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description“I am hard pressed to think of another book that can match the combination of practical insights and reading enjoyment. ”—Steven Levitt Game theory means rigorous strategic thinking. It’s the art of anticipating your opponent’s next moves, knowing full well that your rival is trying to do the same thing to you. Though parts of game theory involve simple common sense, much is counterintuitive, and it can only be mastered by developing a new way of seeing the world. Using a diverse array of rich case studies—from pop culture, TV, movies, sports, politics, and history—the authors show how nearly every business and personal interaction has a game-theory component to it. Mastering game theory will make you more successful in business and life, and this lively book is the key to that mastery. .
The Art of Strategy: A Game Theorist’s Guide to Success in Business and Life
“What do I do when I reach the top of the mountain?” the young man asked the master.
“Keep on climbing,” replied the master.
Dixit and Nalebuff got to the top of the mountain with the first edition of this book in 1991. They have continued to climb the last 17 years.
I know of no higher praise.
Rating: 5 / 5
It teaches you to optimize your outcome from a mathematical logic. Progressive knowledge is well written with simple life examples and experiences, which is later supported by scientific reason. It requires basic math and interest.
You don’t have to be in a Businsss Major to appreciate this book; this book is designed to be read and understood easily.
This is a book to exercise your mind into logic thinking.
Rating: 4 / 5
This book talks about the application of the game theory to the reallity, with important considerations related to the limits of this approach.
Because the reallity is uncertain, it is important to randomize this strategy, but we make it only if we know surely the model.
The question of the backward reasonning is related to the simulation of the movements and their reactions in a scenario. The simplest model is given by the sport.
The competition is more efficient if it admits a collective interest. For example the smoke industries talk often about the risks of cancer.
If the agency activities are considered by step, the results can be better. This fact often don’t be true, because the game theory can work weakly.
Rating: 4 / 5
Nalebuff is a genius that not only studies and teaches strategy, but applied it himself to build an international beverage company (Honest Tea) recently acquired by Coca-Cola. Any chance to learn from him is well worth it, including this outstanding book with myriad applications to anyone’s work and day-to-day life.
Rating: 5 / 5
THE ART OF STRATEGY: A GAME THEORIST’S GUIDE TO SUCCESS IN BUSINESS AND LIFE follows a successful best-selling book on game theory, applying it to everyday life and business situations to move beyond the gamer’s realm. Chapters use real-life examples and case studies to pair game theory with business interactions and personal goals, covering key principles of game theory, how to change and play the game to maximum advantage, and how to employ strategy in decision-making processes. Business libraries and general-interest holdings will find it a winner.
Rating: 5 / 5