The Art of Strategy - A Game Theorist's Guide to Success in Business and Life

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The authors who brought you the bestseller in game theory, Thinking Strategically , now provide the long-awaited sequel. Game theory means rigorous strategic thinking. It's the art of anticipating your opponent's next moves, knowing fu...
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The authors who brought you the bestseller in game theory, Thinking Strategically, now provide the long-awaited sequel.

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. Are the winners of reality-TV contests instinctive game theorists? Do big-time investors see things that most people miss? What do great poker players know that you don't? Mastering game theory will make you more successful in business and life, and this lively book is the key to that mastery.

 

Product Details

Hardcover: 512 pages

     
     
     

    Editorial Reviews

    Review

    "It is an easy read and is written in a lively tone-which is not something I particularly recall from my lectures in the 1980s. Long live economics!" John Burns, The Times Higher Education "Unlike most of the ranks of management advice books which pad out bookshop business sections, here is one which is rigorous, fun and extremely useful all at the same time." The Economist --This text refers to the Paperback edition.
     

    About the Author

    Avinash Dixit is recently retired as the John J. F. Sherrerd University Professor of Economics at Princeton University, where he offered his popular freshman course in game theory for many years. He is among the world’s leading economists, having made fundamental contributions in several major fields, including game theory. He is the author of many books, including Thinking Strategically (with Barry J. Nalebuff, Norton, 1991), and  The Art of Strategy (also with Barry J. Nalebuff, Norton, 2009).

    Barry J. Nalebuff is the Milton Steinbach Professor at the Yale School of Management. Nalebuff applies game theory to business strategy and is the co-founder of one of America's fastest-growing companies, Honest Tea.

     

    Most Helpful Customer Reviews

    152 of 162 people found the following review helpfulBy J. Kim on June 17, 2009
    Format: Hardcover
    Of course. It is an updated version of their best selling book [Thinking Strategically]. I have taught an introduction to Game Theory course to college undergraduates for years and used their earlier version "Thinking strategically" as a textbook. Nalebuff and Dixit's effort on updating their classic became less than good news to college students. They put too much materials about their ABC documentary which was taken under Dr. Nalebuff's guidance while trying to put too much materials in otherwise a simple-clear book. I strongly recommend you to go to the bookstore and buy their earlier version "thinking strategically" rather than this 'confusing/messy" version.
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    20 of 21 people found the following review helpfulBy Kara on April 4, 2012
    Format: Paperback Verified Purchase
    There is absolutely no need to read this book if you've read Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life.

    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 accessible way.

    I love game theory. I studied economics in college, and game theory had been my favorite class. I enjoyed Thinking Strategically and looked forward to reading this one. I was disappointed. Had I not read Thinking Strategically, I probably would have found this enjoyable, but I'm giving it two stars for the false advertising.
     

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