The Art of Strategy: A Game Theorist's Guide to Success in Business and Life
“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 ...more
I'm not certain why they exist as two separate books. The content is almost identical, and 90% of the examples in this one were lifted from that. I have no idea why this is touted as a "sequel." It is not. It's just Thinking Strategically repackaged (but I will say that its package is prettier). The tagline says that it's a "guide to success in business and life," but it is not. It is game theory explained in an ...more
- Too redundant with descriptions;
- Lack of proper definition;
- Confusing descriptions of theories
- Confusing examples and tables;
- Not clear about aspects of theories.
I would not recommend this book to a beginner learning Game Theo ...more
All things considered, though, this was an excellent book and review of game theory. And because payoffs are so difficult to determine, anyway, you don't really need the math as much as the thought processes and logic of strategic thinking (essentially, don't make decisions without figuring out what the other actors' interest ...more
I read this book for a class ...more
The book is more than just an introduction to Game Theory - it goes beyond its goal by analyzing in detail a series of specific examples. The overall contexts and situations in those examples are often kind of trivial, and even kind o ...more
It contains the obligatory decision tree, ultimatum game, prisoner's dilemma and nash equilibrium. But it also has much more. Even concepts like how stores offering to "match any competitor's price" could be a method of enforcing collusion pricing.
Certain terms, like the Minimax theory, Winner's curse, and discussion on the BATNA brought me back to grad school. The method of guessing the correct multiple choice answer without even knowing the questio ...more
“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 c...more
What's really interesting are some of the examples of unintended consequences of failing to "look forward and reason backward". For example, how ...more
However, for me, the format/structure/flow was often difficult to follow. Unless you want to delve into the individual strategies, I recommend more a skimming type reading for later follow-up - at least until you get through passages that are ...more
By all means, I would suggest it as a must-read for people interested in this topic.
Dixit received a B.Sc. from Bombay University in 1963 in Mathe ...more