Dimensions: 8. Long live economics! Sherrerd University Professor of Economics at Princeton University, where he offered his popular freshman course in game theory. Barry J.
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Principle 1 means think about the possible results of your actions in relation to who you are interacting with and try as much as possible to play your best strategy at each move according to what would result.
Principle 2 means do principle 1 but always play the strategies that are better than your opponents. Supposing there is no dominant strategy with respect to principle 2 then a la principle 3 just act in some way that you would not clearly fail with your result. Game theory is not an exact science. Game theory is the study of strategic decision making and behaviour, and while it is a whole discipline of study in itself, this book written by academics in the field is not a textbook but a written for a general audience that while being accessible to a non-specialists, still manages to be a rigorous introduction into the subject, all the while being fun and engaging through the examples used and The Art of Strategy is a brilliant book about game theory written for a popular, general audience.
Game theory is the study of strategic decision making and behaviour, and while it is a whole discipline of study in itself, this book written by academics in the field is not a textbook but a written for a general audience that while being accessible to a non-specialists, still manages to be a rigorous introduction into the subject, all the while being fun and engaging through the examples used and discussed.
From solving problems by backwards reasoning, to making strategies credible, to analysing how best to cooperate and coordinate, each chapter of this book was fascinating to read in its discussion of a game theory topic and applications to very understandable examples. It would be a disservice to the book to try summarising its points or discussions engaged in. The concepts here are presented in a way that an average reader will be able to follow the majority of the material, although I will admit to a few moments where I failed to understand.
Students of economics may have already covered some of this material but only the most engaged academics or constant practitioners of strategic thinking will find nothing of worth and value in this book. Such is the power of the book that it is hard for me not to see many situations all around through the lens of game theory. I now have a different framework to making decisions, one that will hopefully improve and enhance my life. I recommend this book to everyone. At the very least, readers will learn interesting things and be fascinated about how things can be reasoned out.
Even better, it may change for the better the way you view situations and how you make decisions. Lack of proper definitions. Took me 11 pages of anotations to resume the whole book. My opinion is: - Too redundant with descriptions;.
The Art of Strategy : A Game Theorist's Guide to Success in Business and Life
Dixit and Barry J. Nalebuff Various vote-tallying systems could take these preferences into account, and come up with a fairer assessment of the most-preferred candidate. 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. I enjoyed Thinking Strategically and looked forward to reading this one.
DIXIT AND NALEBUFF THE ART OF STRATEGY PDF
The Art of Strategy: A Game Theorist's Guide to Success in Business and Life