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Preview — Thinking Strategically by Avinash K. Dixit
Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life
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...more
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...more
1) Many of the examples were drawn from historical events like the Cuban Missile Crisis and the D-Day landings. This serves to ground the material and make it feel more applicable.
2) Rather than simply jumping to the point...more
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.
- When you're #1 in the industry, let the competitors drive the innovation and imi...more
Of course, they reduce all their problems, drawn from all ares of life (politics, business, sports, etc.) to a 2x2 matrix (occasionally the models get more complex), whereby there are two players who place a fixed value (or at least an ordered ranking of preferences)...more
The way in which each subject is outlined is brilliant; an introduction to an idea followed by a simplistic example then a case study to ensure that the reader fully comprehends the matter in discussion.
The only reason that I did not rate this above a three was due to...more
Sometimes, to cram load of examples into one book doesn't make it readable - but irritating, to me, anyway.
Another thing that disappointed me with this book is that it constantly trying to get around the math without acknowledging it directly and the result is excessive use of words over a simple matter, and to put things worst - there is not even an appendix that explores the far reaches of the subject to those...more
I recommend it if politics, programming or board games interest you.
I highly recommend the book