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. ...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 ...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
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
One thing which has been missing so far (25% of the book) is what one should do when parties have incomplete/imperfect ...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 ...more
Do NOT read this cover to cover; try to skim through and skip case studies that you already ...more
Although I accept the need for pragmatism in politics and business, I find the complete focus on process over form a little disturbing.
On the other hand I'm not saying I'll never use anything I learned in the book....
It is really funny to think about that many people intend to turn co0rporation (win-win) situations to competition situations where there must be a loser or losers, whose decision-making are often out of emotion without Logical deduction.
Dixit received a B.Sc. from Bombay University in 1963 in ...more