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Avinash K.Dixit

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

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“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 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.
This book is currently unavailable
660 printed pages
Original publication
2010
Publication year
2010
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Quotes

  • Довран Одаевhas quoted3 years ago
    RULE 4: Having exhausted the simple avenues of looking for dominant strategies or ruling out dominated ones, next search all the cells of the game table for a pair of mutual best responses in the same cell, which is a Nash equilibrium of the game.
  • Довран Одаевhas quoted3 years ago
    RULE 3: Eliminate from consideration any dominated strategies and strategies that are never best responses, and go on doing so successively.
  • Довран Одаевhas quoted3 years ago
    “Pick the most beautiful” might be the stated rule, but that could be significantly more difficult than picking the redhead, or the one with an interesting gap between her two front teeth (Lauren Hutton) or the mole (Cindy Crawford). Anything that distinguishes becomes a focal point and allows people’s expectations to converge. For this reason, we should not be surprised that many of the world’s top models do not have perfect features; rather, they are almost perfect but have some interesting flaw that gives their look a personality and a focal point.

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