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The Art of Strategy: A Game Theorist's Guide to Success in Business and Life Hardcover – September 17, 2008

4.4 out of 5 stars 55 customer reviews

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Product Details

  • Hardcover: 512 pages
  • Publisher: W. W. Norton & Company; First Edition, 1st Printing edition (September 17, 2008)
  • Language: English
  • ISBN-10: 0393062430
  • ISBN-13: 978-0393062434
  • Product Dimensions: 6.5 x 1.6 x 9.6 inches
  • Shipping Weight: 1.4 pounds
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (55 customer reviews)
  • Amazon Best Sellers Rank: #168,642 in Books (See Top 100 in Books)

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By J. Kim on June 17, 2009
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.
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Format: Paperback 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.
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Format: Paperback
This is simply one of the best books I had read on either game theory or strategy. It's so well written and organized in layman terms with so many great stories/examples that all who care to read only 50+ pages will learn much from it. In short, highly recommended (at least for those who had not read the authors' previous work before per warning of other reviewers)!

p.s. Below please find some of my favorite passages for your reference.

What makes something a game: you have to take into account the objectives and strategies of the other players. When guessing a number picked at random, the number isn't trying to hide. You can take the engineer's mindset and divide the interval in two and do the best possible. But if you are playing a game, then you have to consider how the other player will be acting and how those decisions will influence your strategy. Pg6
Sailboat racing offers the chance to observe an interesting reversal of a "follow the leader" strategy. The leading sailboat usually copies the strategy of the trailing boat. When the follower racks, so does the leader. The imitates the follower even when the follower is clearly pursuing a poor strategy. Why? Because in sailboat racing close doesn't count: only winning matters. |If you have the lead. The surest way to stay ahead is to play monkey see, monkey do. Stock market analysts and economic forecasters are not immune to this copycat strategy. The leader forecasters have an incentive to follow the pack and produce predictions similar to everyone else's. This way people are unlikely to change their perception of these forecasters' abilities. On the other hand, new comers take the risky strategies; they tend to predict boom or doom.
Read more ›
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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.
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Format: Hardcover Verified Purchase
Deceptive because game theory, what this book is about, adds an "easy to get" dimension to decision making that cuts through the misc clutter that usually accompanies "thinking through" a problem to its solution.
Plus the authors sense of humor makes the explanations and examples fun to understand.
Highly recommended, especially for recent grads just getting into the business world and finding their way.
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Format: MP3 CD Verified Purchase
Outstanding revised edition of their earlier work. The enhanced game theory framework and implementation strategy has proved most valuable in my work with clients! Working with my industry associates, to experience that moment when their understanding moves from the concept phase of game theory to the empirical phase, has been without question, life changing for many in their success in the commercial world !
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Format: Kindle Edition Verified Purchase
Game theory thoroughly and (almost always) plainly exposed. I read it combined with the previous edition "Think strategically" which is in a way more effective, though not covering a couple of subjects, in particular VIckrey's auctions, that the new version brilliantly clarifies. A must-read for non experts provided that you don't pay too much attention to the deceptive subtitle: this book won't give you insights on how to solve real life issues, rather some general reasoning patterns that will come in handy in your everyday activity.
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