The Art of Strategy: A Game Theorist's Guide to Success in Business and Life [NOOK Book]

Overview

“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 ...

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The Art of Strategy: A Game Theorist's Guide to Success in Business and Life

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Overview

“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.

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Product Details

  • ISBN-13: 9780393069952
  • Publisher: Norton, W. W. & Company, Inc.
  • Publication date: 1/4/2010
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 512
  • Sales rank: 160,853
  • File size: 2 MB

Meet the Author

Avinash Dixit is recently retired as the John J. F. Sherrerd University Professor of Economics at Princeton University, where he offered his popular freshman course in game theory for many years. He is among the world’s leading economists, having made fundamental contributions in several major fields, including game theory. He is the author of many books, including Thinking Strategically (with Barry J. Nalebuff, Norton, 1991), and The Art of Strategy (also with Barry J. Nalebuff, Norton, 2009).

Barry J. Nalebuff is the Milton Steinbach Professor at the Yale School of Management. Nalebuff applies game theory to business strategy and is the co-founder of one of America's fastest-growing companies, Honest Tea.

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Table of Contents

Introduction How Should People Behave in Society?

Part I

1 Ten Tales of Strategy 3

2 Games Solvable by Backward Reasoning 32

3 Prisoners' Dilemmas and How to Resolve Them 64

4 A Beautiful Equilibrium 102

Epilogue to Part I 137

Part II

5 Choice and Chance 141

6 Strategic Moves 173

7 Making Strategies Credible 201

Epilogue to Part II: A Nobel History 229

Part III

8 Interpreting and Manipulating Information 235

9 Cooperation and Coordination 270

10 Auctions, Bidding, and Contests 301

11 Bargaining 335

12 Voting 359

13 Incentives 386

14 Case Studies 409

Further Reading 443

Workouts 447

Notes 457

Index 473

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Customer Reviews

Average Rating 4
( 25 )
Rating Distribution

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(11)

4 Star

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2 Star

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See All Sort by: Showing 1 – 20 of 25 Customer Reviews
  • Posted March 16, 2009

    I Also Recommend:

    An excellent and accessible text on game theory

    A comprehensive text geared toward the non-specialists on game theory. It is delivered clearly, coherently and entertainingly, devoid of much math and jargon. The scope of the book is comprehensive, from gambling, dueling, incentivization, etc. The Art of Strategy is not light reading, but it is intriguing. It is not a book that can be read casually but it pays high dividends to those who are willing to go through the book with care. With this book, the authors have demonstated the applicability of game theory in many mainstream issues. By looking forward and reasoning backward, as espoused by the authors, I believe this book will make any reader a better player in the game of life.

    2 out of 2 people found this review helpful.

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  • Posted November 29, 2008

    Very good book but needs some work

    This is a good book but isn't written as clearly as I would prefer as a reader. There are portions of the book that would be simplified to get a point across. Also, some of the communication style used in the book glosses over the point. It is like mining, you have to dig through the author's style to get to the nuggets of gold.

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