Brilliantly demonstrated in "Thinking Strategically" [ISBN 978 0 393 31035 1], game theory is bursting with lessons for us all ("The Observer"). Here the authors provide the long-awaited sequel. Game theory means rigorous strategic thinking. It's the art of anticipating your opponent's next moves; knowing that your rival is trying to do the same thing to you. Though parts of game theory involve common sense, much is counterintuitive and it can only be mastered by developing a new way of seeing the world. Using case studies, the authors show how nearly every business and personal interaction has a game theory component to it. The authors look at questions such as whether the winners of reality-TV contests are instinctive game theorists or if big-time investors see things that most people miss and what great poker players know that the average person doesn't. Mastering game theory will make the reader more successful in business and life: this lively book is the key to that mastery.
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"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
About the Author
Avinash K. Dixit, of Princeton University, and Barry J. Nalebuff, of Yale University are the authors of Thinking Strategically,
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Amazon.com:
4.2 out of 5 stars
24 reviews
137 of 146 people found the following review helpful
2.0 out of 5 stars
Buy "Thinking Strategically"
Jun 17 2009
By J. Kim
- Published on Amazon.com
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.
14 of 14 people found the following review helpful
2.0 out of 5 stars
Unnecessary after "Thinking Strategically"
April 4 2012
By Kara
- Published on Amazon.com
Format:Paperback|Amazon 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.
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.
38 of 46 people found the following review helpful
5.0 out of 5 stars
Game Theory For Work AND non-Work Situations
Nov 7 2008
By Matthew L. Sadler
- Published on Amazon.com
Format:Hardcover
If you like "game theory" -- or want to know what game theory is -- this could be the best book out there. Certainly there are more scholarly pieces on game theory, but this book is an A+ for its accessible writing, its use of examples that are interesting and a clear approach to point out how game theory comes into play every day for every person, whether we realize it or not. This book helps you understand the decision process in cooperative and competitive situations. It is better to know the "game" and how it is being played, than having the game played on you unwittingly. Highly recommended.
Also highly recommended, but more specifically for business applications, is Co-opetition, co-authored by Barry Nalebuff who is a co-author of The Art of Strategy.
Also highly recommended, but more specifically for business applications, is Co-opetition, co-authored by Barry Nalebuff who is a co-author of The Art of Strategy.
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Go to Amazon.com to see all 24 reviews
4.2 out of 5 stars
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