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Dixit and Nalebuff provide an exceptionally good introduction to game theory without making it overly difficult. Working my way through my highlights in the book is already proving rewarding, but it's definitely dense in information (but not in language). Leave a comment Book review The Art of Strategy by Avinash K. Dixit and Barry J I was able to understand everything they said though I also have my MBA with Stats concentration, so take that for what it's worth.
I just believe that it gets very repetitive in a lot of pages and could have been shorter, Reviewed in the United Kingdom on November 20, 2018. Strategic thinking is for everyone. Lack of proper definitions.
It walks through a bunch of important ideas in Game Theory, from auctions to equilibrium in games.
This shopping feature will continue to load items when the Enter key is pressed. I couldn't even get through half of the book. #3. Enjoyed reading this! Several examples are provided in the book for better understanding of Looking Forward and Backward reasoning and Prisoners Dilemma. I found this book was really good when thinking through decisions a coach or manager would make in sports, such as when to go for two-points instead of one, how to decide which way to kick on a penalty kick.
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Also, the case studies were good at demonstrating the concepts. Game!, through out my childhood a game is something which I played with my friends in order to have fun and spend time joyfully. This review is for Kindle format.
Game theory is not always applicable to all of these problems, but logic and rational problem-solving and a bit of mathematics are ever-present. We all decide and many of these decisions, involve the decisions of others. I liked this book, but it was tough for me to get through at times.
From description and a few references towards this book as I was expecting more a set of principles for strategic decisions but it's actually solely focusing on different aspects of game theory and how to model real life challenges as decision and game trees. W. W. Norton & Company; Illustrated edition (January 4, 2010). Reviewed in the United States on April 3, 2018. I might as well have been reading an academic journal and I'm still not entirely sure if I actually got anything out of it. Getting that out of the way, this book is fast paced and fun in introducing all the major concepts of game theory, from decision theories, Nash equilibriums, different types of auction and voting theories, bargaining and negotiations etc.. From description and a few references towards this book as I was expecting more a set of principles for strategic decisions but it's actually solely focusing on different aspects of game theory and how to model real life challenges as decision and game trees. It may not always yield the optimal outcome but it at least increases the chances of it. I started this book as it was a suggested reading for my current Technology Analytics MBA course. That GMAT question method really works on such as quantitative questions, and already comes intuitively after practise lots of time but I thought it might work with literature questions, too. If the question is a type "I-I-II; Only II;" instead of reading the entire question I just thought in that way and simply check it. This book really fascinated me but it took a lot of mental effort to get through. Highly recommended! I found it to be a good reminder of concepts I had learned earlier and I suggest it to people who are interested in t. I started this book as it was a suggested reading for my current Technology Analytics MBA course.
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 probabilities and local minima. 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. Single largest party BJP who were short by less than ten seats, plan to influence the voters by depicting the failure of Karnataka’s coalition government to win lok sabha election. 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. This book is an engaging, comprehensive guide to strategies, as applied to everyday life. On the other hand, it was kind of nice to see some exercises related to pricing, etc., which I suppose are relevant to the real world. I thoroughly enjoyed this. Prior to reading this book, my only experience with understanding game theory was watching A Beautiful Mind as a kid. Having read Strategy Book “The Art of Strategy — A Game Theorist’s Guide to Success in Business and Life” challenge lies ahead in putting into actions what I have comprehended. This included things such as business competition, negotiations, voting and more. Game theory means rigorous strategic thinking. Decision tree helps in systematically thinking of options and possible outcomes, further sub-branching, until no options are available. Game Theory is a mathematical field that deals with making decisions when the choices your opponent makes actually matter. There are interesting ideas and concepts in the book, like how to tell if someone is telling the truth or not based on how aligned what they say, and their interests are. Minor officials prove their status with petty displays of authority, while the truly powerful show their strength through gestures of magnanimity. Do big-time investors see things that most people miss? Mastering game theory will make you more successful in business and life, and this lively book is the key to that mastery. It's really difficult for me to pinpoint what I got out of it, since so many of the take home messages seemed like common sense. I found this book to be a helpful overview of strategy and game theory concepts. Please try again. Refresh and try again. Game Theory allows one to detach from the situation and assess it with a cold rationality that bases the entire decision making process on statistical probabilities by hedging one's bet as best as one can. It is better to be a good strategist than a bad one, and this book aims to help you improve your skills at discovering and using effective strategies.
But I am not that impressed, the maths is simple and intuitive, not deep enough. These items are shipped from and sold by different sellers. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books.
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