Game theory was pioneered by Princeton mathematician John von Neumann. In the early years the emphasis was on games of pure conflict zero-sum games. Other games were considered in a cooperative form. That is, the participants were supposed to choose and implement their actions jointly. Recent research has focused on games that are neither zero-sum nor purely cooperative.
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The international bestseller — don't compete without it! A major bestseller in Japan, Financial Times Top Ten book of the year, Book-of-the-Month Club bestseller, and required reading at the best business schools, Thinking Strategically is a crash course in outmaneauvering any rival.
This entertaining guide builds on scores of case studies taken from business, sports, the. This entertaining guide builds on scores of case studies taken from business, sports, the movies, politics, and gambling. It outlines the basics of good strategy making and then shows how you can apply them in any area of your life. Goodreads helps you keep track of books you want to read.
Want to Read saving…. Want to Read Currently Reading Read. Other editions. Enlarge cover. Error rating book. Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. Preview — Thinking Strategically by Avinash K. Dixit ,. Barry J. This entertaining guide builds on scores of case studies taken from business, sports, the The international bestseller — don't compete without it!
Get A Copy. Paperback , pages. Published April 17th by W. Norton Company first published January 1st More Details Original Title. Other Editions Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about Thinking Strategically , please sign up. This question contains spoilers… view spoiler [plzz any one tell me how can i read this book is their any website? See 1 question about Thinking Strategically…. Lists with This Book.
Community Reviews. Showing Average rating 3. Rating details. More filters. Sort order. Oct 14, Riku Sayuj rated it it was amazing. Wonderful book on game theory. The examples from history, literature and from every day life make the discussions lively and entertaining.
Mathematics and complex reasoning is kept to a minimum and conversational, easy-to-follow logic is generally adopted.
The case studies at the end of each chapter helps to sum up understanding and we can easily breeze through the book with the assurance that the final chapter of case studies will refresh any idea that we might be unclear on.
All in all, a grea Wonderful book on game theory. All in all, a great medium-difficulty-level introduction to the complex field. Not a bed time read though, unless your intention is to fall asleep quickly. Apr 04, Toe rated it really liked it Shelves: nonfiction. This is how a book should be written. It is a fantastic introduction to game theory for the intelligent layman. It covers strategic decision making for innumerable scenarios, including but not limited to: poker, political campaigns, takeover bids, business negotiations, baseball pitches, bargaining, labor relations, tax audits, and nuclear war.
The authors strike the perfect blend of in-depth coverage of the technical topics, like Bayes theorem, with concrete examples illustrating the concepts. T This is how a book should be written. They avoid jargon as much as possible and deliver the meat of the matter. I was so engrossed with the book that I failed to take the time to record all the funny quotes and stories; besides, there were too many to record anyway. They await your discovery. Unfortunately, as you will learn after reading the book, the ideas you discover cannot help you gain an advantage over future adversaries.
Why not? Because they will have read the book too. There is no strategic advantage to be gained, the price of admission has merely shifted. Here are the most fundamental ideas heartlessly wrenched from a charming and intriguing book well worth your time: Rules: 1.
Look ahead and reason back. If you have a dominant strategy, use it. Eliminate any dominated strategies from consideration, and go on doing so successively.
Having exhausted the simple avenues of looking for dominant strategies or ruling out dominated ones, the next thing to do is to look for an equilibrium of the game. There are 8 ways to make credible threats or promises: 1. Establish and use reputation 2. Write Ks 3. Cut off communication a. Last will and testament 4. Burn bridges behind you a. Cortes burned his ships when he landed in Mexico 5. Leave the outcome beyond your control a. The doomsday device in Dr.
Strangelove was set to automatically destroy the planet if the Soviet Union were attacked 6. Move in small steps a. Purchase cocaine in small quantities and take delivery even if you want a lot 7.
Develop credibility through teamwork a. Alcoholics Anonymous, Roman army would kill deserters 8. When they do, the mini-max and maxi-min are exactly equal. Neither player can improve his position, so there is an equilibrium. Employing your "best mix" strategy requires unpredictability to avoid letting your opponent catch on.
Mar 19, Ami Iida rated it it was amazing Recommends it for: the people intersted in game theory. Shelves: game-theory.
It is a book to learn the game theory from basic. This book is ideal as introduction to game theory. Learning the game theory by using the game.
It is to incorporate all the basic essence of game theory. View 2 comments. Jun 22, Ivan rated it liked it Shelves: business. Oh game theory! I agree with the fact that knowledge of how to play games matters but this book was more academic than mainstream.
Economics is a dismal science though, and this book does not even make an effort examining moral implications of many games. Things I learned : - To improve the effectiveness of your backhand in tennis, improve your forehand so your opponent respects and plays more against your forehand.
It is hard to deter cheating. Many equilibria are also determined by fad. Voting gets even worse for contests such as the Baseball Hall of Fame. Aug 12, Kolagani Paramahamsa rated it liked it. It's not one of those 'motivation' books, the caption for the book is misleading.
Dixit and Nalebuff: strategic thinkers
The international bestseller — don't compete without it! A major bestseller in Japan, Financial Times Top Ten book of the year, Book-of-the-Month Club bestseller, and required reading at the best business schools, Thinking Strategically is a crash course in outmaneauvering any rival. This entertaining guide builds on scores of case studies taken from business, sports, the. This entertaining guide builds on scores of case studies taken from business, sports, the movies, politics, and gambling. It outlines the basics of good strategy making and then shows how you can apply them in any area of your life.
Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life
The text was initially published by W. The book discusses issues of strategic behaviour, decision making, and game theory. The authors present the main concepts, such as backward induction , auction theory , Nash equilibrium , noncooperative bargaining, to a general audience. Each concept is illustrated by examples from common life, business, sports, politics, etc. Today our writers and critics nominate the books they have enjoyed reading most over the last twelve months.