and everyday life / by Avinash K. Dixit and Barry J. Nalebuff. p. cm. Includes Index . 1. and in some ways strategic thinking remains an art. We do provide. Avinash Dixit’s Art of Strategy is an informative book and a little boring. . Dixit and Nalebuff provide an exceptionally good introduction to game theory without. The Art of Strategy – A Game Theorist’s Guide to Success in. Business and Life. Krishna Chandra Balodi. Avinash K. Dixit & Barry J. Nalebuff (). The Art of.
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Principle 4 means look for situations where you and the person with whom you are xtrategy would mutually benefit or end up with the same result because that’s most likely what result you’re going to land on if you’re both being reasonable with each other. I enjoyed some of the examples early on about situations where strategic thinking is really useful eg. Prepared on the assumption of purely rational behaviour, deep fried in twisted logic, sprinkled with mathematical details and served in a rather sophisticated English, the book appeals to casual readers, curious about the prisoners’ dilemma or the Japanese auction, as well as to more knowledgeable practitioners, ready to pull out a pen and paper or rock and scissors to compute conditional pr This verbose version of the game theory course from Yale Jalebuff is by no means a light reading.
If you just want to find out more about the theory and how it’s applied to really common situations, read it. The second half was not only unrelatable due to authors western bias but also lacked any new insights. Want to Read Currently Reading Read. The second part of the book concentrates more on everyday and business problems, and strategies to achieve optimal solutions. Game Theory allows one to detach from the situation and assess it with a cold rationality If you are unfamiliar with Game Theory then this book is for you, if on the other hand you already are aware of it then it’ll be a good review.
I’ve worked as a scientist for the last 20 years, at various universities, a large home and personal care company, a startup in Liverpool called ScraperWiki Ltd and now GBG sixit they pay me to do what I used to do for fun!
I love game theory. On the other hand, it was kind of nice to see some exercises related to pricing, etc. Prior to reading this book, my only experience with understanding stratevy theory was watching A Beautiful Mind as a kid. The book has a set of exercises to try out your newly-gained understanding.
If you are unfamiliar annd Game Theory then this book is for you, if on the other hand you already are aware of it then it’ll be a good review. Mar 17, Darius Daruvalla-riccio rated it really liked it Shelves: Most importantly, its filled with examples that make the explanations easier to grapple with. Dixit received a B. It’s informative because it provides you with some basic principles for how to reason properly in situations where you have to coordinate or compete with other people, your self, or a company or something equally abstract; ‘game theory’ is just a fancy name for principled strategic interaction.
Don’t read this as a before-sleep-pass-out-book. Lots of examples that make us lose focus on what is really important from Game Theory. Unfortunately, I think I failed to digest some of the more quantitative aspects of game theory. The book also describes three different systems for auctions. Book Reviews by Ian Hopkinson. If this book was written differently, maybe it would have required less effort to read but it can be understood as long as you focus.
Jan 22, Billie Pritchett rated it liked it. Apr 29, C rated it it was amazing. I found it to be a good reminder of concepts I had learned earlier and I suggest it to people who are interested in the basics of game theory. It would be a disservice to the book to try summarising its points or discussions engaged in.
Dec 31, Dean Marquis rated it it was ok. 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 I wish I had read this book with a pen and paper, and less on disit PATH train.
Using a diverse array of rich case studies Game theory means rigorous strategic thinking. Nalebyff The Dictator’s Handbook: Do big-time investors see things that most people miss?
Book review: The Art of Strategy by Avinash K. Dixit and Barry J. Nalebuff » SomeBeans
I read this book for a class Dixit and Nalebuff provide an exceptionally good introduction to game theory without making it overly difficult. It was off the syllabus of a Columbia class that I never had xtrategy chance to take. Principle 2 means do principle 1 but always play the strategies that are better than your opponents.
So many of the examples are simplified past any relation to real life. Feb 06, tetek rated it liked it. This book is sort of like a layman’s intro to game theory. There are real-world examples, ways to practice your game-theoretic nalebufv, and a lot of really useful information that might actually help you in your real life. When three or more candidates are running, it is not always best to vote for your first choice, especially if you believe dixir your first choice has no chance of winning.
I really am having anv hard time deciding if I should read this book or Thinking Strategically: The first part of the book focuses on standard game theory, graphical notations for various problems, and applications of the prisoners’ dilemma to everyday situations. There is a comprehensive list of cooperative and adversarial games, presented together with relevant stories and real-life contexts, which makes this book a solid start in the field of game theory, especially for future negotiators and decision makers.
Book review: The Art of Strategy by Avinash K. Dixit and Barry J. Nalebuff
Dec 02, Semegn Tadesse rated it it was amazing Shelves: Life is a game. Often times judgement is clouded by the strong emotional charge of a problem and people are unable to see a way through it. The Japanese auction is similar in that the bid is always rising but in this case all bidders start in the auction with their hands raised indicating they are bidding and put their hands down when the price is too high.