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
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.
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
The book provides us with a good overview of strategic principles. One of its advantages is that the authors give a lot of examples from various industries and life situations, which helps to better understand the theory. The ...more
Written with a suitably low expectation of prior knowledge, the plain language made grasping some of these otherwise difficult concepts that much easier. Once you get a hold of some of these ideas, its impossible not to see them EVERYWHERE in ordinary life.
Key ideas included recognizing when you're playing "simultaneous move games" as opposed to "sequential move games." In sequential mov ...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
The major take aways:
- Look to the last action and reason backwards. This will help you recognise and avoid forced moved.
- There are differences in outcome depending on whether the game you are playing ...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
- Decisions that's made case-by-case and without a grand overall view often lead to undesirable overall outcom ...more
One thing which has been missing so far (25% of the book) is what one should do when parties have incomplete/imperfect informati ...more
If you aren't but want to learn how to "think strategically" this could be a start but by no means a comprehensive guide to thinking strategically as not all strategic thinking stems from Game Theory. The title "Introduction to Game Theory: Given with the real world examples" would've been much more accurate. I say this because the examples give ...more
You can clearly date the book based on the examples given, but nonetheless worthwhile Reading. Sometimes the cases are too simple and sometimes, in a couple of exemples, the rationale is not presented clearly that obliges the reader to go back and forth in the books pages to grasp it.
For all interested in the subject (that should be at least every economist, financier or manager), opens the door to this importante topic that wil ...more
Do NOT read this cover to cover; try to skim through and skip case studies that you already kno ...more
Dixit received a B.Sc. from Bombay University in 1963 in Mathe ...more