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


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

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    Available in PDF Format | The Art of Strategy: A Game Theorist's Guide to Success in Business and Life.pdf | Unknown
    Avinash K.; Nalebuff Barry J. Dixit(Author)
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2.4 (6264)
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Printable? Yes

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Review Text

  • By Joseph Kurian, Dias on 2 March 2012

    I am currently studying my MBA and wanted to get better at understanding and implementing strategy. This book is the answer. This book does not give you solutions, it makes you more intelligent in your perspectives and reactions to competition, and I think that's more important. The real acts of warfare can be understood and dealt through this book. Great book!

  • By David Derrett on 25 June 2010

    How should we play games that involve other players whose interests are not (or are only partially) aligned with our own? What factors should we take into account when designing games (such as auctions)?This book elucidates the key aspects of game theory to the lay reader. Expect not mathematical rigour, but thought-provoking ideas, novel strategic scenarios and an insightful explanation of a variety of collective action problems. The variety of examples make it an engaging read. Below are a few of my favourites:* The effectiveness of a two-tiered takeover bid.* How to meet someone in NYC knowing only the day to meet.* How, in a sailboat race, one can maintain one's lead by following the course of the boat behind.* The existence of various equilibria in the marketplace. The authors give the example of the Dvorak and Qwerty keyboard layouts.

  • By woman30 on 25 September 2013

    A thoroughly enjoyable book that should be in everyone's bookshelf. From your personal life to business and politics, this book explains the games of strategy that we all play. Want to learn how to beat your children at rock-paper-scissors? Need tips on how to successfully loose weight? This book applies strategic theory to all areas of life.

  • By Panagiotis Tsatsaronis on 10 January 2013

    It is one of the most pleasant books that I have ever read.The examples that the book uses and the situations that describes and the games in which we can participate made me understand better what strategy means and how it operates.

  • By J. S. Wills on 15 October 2012

    A polished easy-to-read book. Well-constructed. Stays away from mathematics and uses anecdotes to explain concepts. Challenges you to apply the models to your everyday activities.

  • By Seannation on 16 December 2012

    This book is very interesting. The concepts it outlines are entertaining and makes you think more deeply about games and strategies than you might have done before. Times when a certain 'intuitive' strategy would seem obvious are shown to actually work against you. For instance, if you were to play a game of 'Rock, Paper, Scissors' against a professional, you would quickly find a strategy of picking your next move at random to work in their favour.However, I felt the book was marred by frequent and unnecessary references to biblical passages. The authors use quotes from the bible to reinforce their points, all of which do not need such quotes to give them credence. That in itself would be acceptable in my eyes, as clearly the Christian authors feel these quotes best illustrate their points. What makes it worse though is that early on, there is a footnote that actually challenges anyone that doesn't believe in god to make Pascal's Wager, claiming it is the 'dominant' strategy in the game of beliefs. While I feel this is a good example of how game theory can permeate all aspects of life, I don't feel it is necessary for the authors to tell me that I am wrong in my beliefs. Especially when the authors overlook a key assumption that would otherwise change the initial conditions of the game they claim to have the answer to.I would have given this book a higher rating if they had stuck to their area of expertise rather than trying to convert me. It's a real shame, because other than these points, it was a great book.

  • By T. Adshead on 21 January 2017

    I loved game theory when I first came across it. This was long enough ago that game theory was quite new, and there were no general overviews and summaries, and you had to go to the original articles. Luckily for today's readers, there are books like this, which serve as excellent introductions to the subjects.What sets this book apart is how it takes the theory and applies it to situations that you might find in real life - I found myself working out a lot of my strategy in relation to current and future employers based on the chapter on brinkmanship and trades unions. The other good thing about this book is that it is light on maths, so it should not put off the lay reader. At the same time, it gives a structure and a foundation that helps you go on and read more advanced texts. Highly recommended.

  • By Ben on 10 January 2017

    An excellent book, that clearly explains the key concepts of Game Theory. It is written in a style, so that a novice (like me) can clearly understand the key principles. The book does a great job of giving clear relevant examples. I would recommend this to anyone to read, even if they have no interest in Business.

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