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 case studies - from pop culture, TV, movies, sports, politics, and history - the authors show how nearly every business and personal interaction has a game-theory component to it. Mastering game theory will make you more successful in business and life, and this lively book is the key to that mastery.
©2008 Avinash K. Dixit (P)2013 Audible, Inc.
"I am hard pressed to think of another book that can match the combination of practical insights and reading enjoyment." (Steven Levitt)
Excellent presentation of critical principles. Interesting because the principles are presented through stories. My only caveat would be that the authors occasionally slip into talking as if all strategic actors act in a way that comports 100% with traditional economic theory. However, as behavioral economics has demonstrated persuasively actual human beings depart from these assumptions at least some of the time.
Provides significant amount of game theory as applied.
Love every genre - read a book every 2 weeks or so- I mix between business books, classics, modern fiction, and biographies
The book is mainly centered around game theory and should have been called the science of strategy. 1/3 of the book was the narrator reading algebraic formulas and referring to tables that a frequent commuter listener can see.
With the exception of a couple of interesting anecdotes, the book does not provide anything in the way of the art of strategy the way say the art of war does. The authors add nothing in terms of insights but instead use story to describe other's theories.
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