The art of strategy ebook

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About the Book. What is strategy? Why do you need it? How do you do it? And, how can you be more certain to succeed? Share this book Feedback Email the Author s License. Introduction What is strategy and why do you need it? Do Well. Do Good. Learn more about writing on Leanpub. Have a card? Add it now to start borrowing from the collection.

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Search Search Search Browse menu. Sign in. Audios 3 Hours and Under! The Art of Strategy. Dixit Barry J. Instead of another book on leadership, management framework or business analysis better take something to read about game theory. Game theory appears to be a part of systems thinking science, a true part. If you want to understand systems better, you have to read on games theory. As for the book - it is easy to read, not much math, good examples.

Highly recommended! View all 3 comments. Dec 02, Semegn Tadesse rated it it was amazing Shelves: management. The book has a hand on example of understanding strategy, What I can say about one thing I learned in this book is Game Theory.

Now I understand how to implement in different scenarios, it's a book i'm going to pick up again in few months. Finally totally recommend it to anyone interested in strategy. Feb 15, Serdo Ahmad rated it it was ok. The book contains a lot of information. In simple terms, it is a good book for students of economics. Mar 17, Darius Daruvalla-riccio rated it really liked it Shelves: work-related , non-fiction , rereaders. This book really fascinated me but it took a lot of mental effort to get through.

The book went over the basics of game theory, gave general guidelines on how to use it and then went over its applications in the real world. This included things such as business competition, negotiations, voting and more. Contrary to most non-fiction books, I can recall and explain most of the information that is written about. This probably resulted from a mix of how much the book interested me and the amount of This book really fascinated me but it took a lot of mental effort to get through.

This probably resulted from a mix of how much the book interested me and the amount of focus that it took to keep reading it. The information often went against my intuition and I had to suspend it to take it in and make sense of it. It constantly introduced new ideas while relying on the reader understanding the preceding ones. The chapters would start simply and become more complex but refer to the earlier points in the chapters.

Similarly, it would refer back to points raised in the early chapters and it was important that you remembered these.

As such I had to reread many passages so I could continue reading. 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. I'd recommend this if you already have some understanding of game theory and are willing to put in effort and reread pages.

If so, its really damn interesting. Mar 25, Valeriu rated it really liked it. This verbose version of the game theory course from Yale University is by no means a light reading.

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 University is by no means a light reading.

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. 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.

However, the applicability of the strategies is constrained by our proven inability to correctly evaluate probabilities especially of negative events and by the limitations of the rational thought model. The material should be complemented with considerations of patterns of irrational behaviour see Dan Ariely's work and a good stats software.

May 06, Sai rated it it was amazing Shelves: economics. Enjoyed reading this! To be clear, this book is intended for audiences completely new to game theoretic ideas.

Prior to reading this book, my only experience with understanding game theory was watching A Beautiful Mind as a kid. 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..

Most importantly, its filled wi Enjoyed reading this! Most importantly, its filled with examples that make the explanations easier to grapple with. I like that this book does not use the whole "lets assume everyone is a rational actor" approach, since well, humans are hardly ever fully rational. I often hear criticism levelled at game theory ideas that everyone isn't a rational actor, so these theories breakdown with exceptional cases. In this book, every theory presented is provided with its share of caveats.

I thought that it kept the book intellectually honest throughout, yet invigorating in the content. Jul 10, Hans rated it liked it Shelves: economics.

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. Overall the reason Game Theory is so useful is because it can show possible solutions to what may initially appear to be unsolvable problems. Often times judgement is clouded by the strong emotional charge of a problem and people are unable to see a way through it. 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.

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 may not always yield the optimal outcome but it at least increases the chances of it.

Mar 04, Cody Sexton rated it it was ok. I'm very disappointed. I had high hopes for this book, perhaps too high. I suppose it's my fault really, one should never be too optimistic. Nevertheless, what this book lacks in practical application it more than makes up for in statistical abstraction.

It doesn't really come into it's own until about chapter 6 at which point it shifts gears and continues headlong into mathematical oblivion. This book is definitely not for a general audience, regardless of what the authors may think. I might as I'm very disappointed. 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. Jan 17, Zehra rated it liked it. The examples might not apply to daily life directly but when you get the idea, you will have some cool tools in your hand.

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. It was fun and just received a pretty good result. Th The examples might not apply to daily life directly but when you get the idea, you will have some cool tools in your hand.

Though there are a lot of efficient game theory examples for professional life and business, life means much more than theories. Jul 29, Jason Yang rated it liked it. This book is sort of like a layman's intro to game theory. I enjoyed some of the examples early on about situations where strategic thinking is really useful eg.

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. On the other hand, it was kind of nice to see some exercises related to pricing, etc. Generally, I enjoyed this book, but I'm not sure it's something for everyone. Oct 06, Iain rated it did not like it. Very abstract. The examples were far too removed from real life situations to be of any use. Nevertheless, it is quite amazing that someone has managed to write almost two hundred pages about the game 'Paper, scissors, stone'.

Jan 18, Simon rated it it was ok. A primer in game theory, but the book got rather boring and was much longer than needed. May 10, Max Nova rated it it was amazing Shelves: strategy. An easy and fun read to get the fundamentals of game theory. The examples are all very well chosen and relevant for a modern popular audience.

Dec 29, Harry Harman rated it it was amazing. Strategic thinking is the art of outdoing an adversary, knowing that the adversary is trying to do the same to you. Businessmen and corporations must develop good competitive strategies to survive, and find cooperative opportunities to grow the pie. Their a good strategy must appropriately mix competition and cooperation.

Their aims often conflict with yours, but they may well coincide. Your own choice must allow for the conflict and utilize the cooperation. This book aims to help you think strategically, and then translate these thoughts into action. The only way to improve your skill at this art is the inductive way —by seeing how it has been done before in similar situations. So far, you have been guessing in a way that divides the interval into two equal parts and picking the midpoint. This is the ideal strategy in a game where the number has been chosen at random.

He was gifted in his ability to act strategically without appearing to be strategic. The smart money was on Kelly winning the challenge. The leading sailboat usually copies the strategy of the trailing boat. The future self wants the ice cream and the television. Most of the time, the future self wins because it gets to move last. The trick is to change the incentives for the future self so as to change its behavior.

Campaign finance reform is so hard to pass because the incumbent legislators who have to approve it are the ones who have the most to lose. Their advantage in fundraising is what gives them job security. Each option has a one-third chance of winning, a one-third chance of losing, and a one-third chance of a tie.

When the IRS audit formula is somewhat fuzzy, everyone stands some risk of an audit; this gives an added incentive for honesty. If another speculator offers to sell you a futures contract, he will make money only if you lose money.

Similarly, if you sell soy milk and hence need to buy soy beans in the future, this contract is insurance, not a gamble. When both sides agree to trade, each one thinks it will make money. One of them must be wrong. The very fact that you were the highest bidder implies that everyone else thought the item was worth less than you did. Without such a safeguard, market makers could stand to profit from private information the difference is called the bid-ask spread You may be thinking you are playing one game, but it is only part of a larger game.

There is always a larger game. Jan 09, Marko rated it it was amazing. This review has been hidden because it contains spoilers. To view it, click here. I found this book very cognitive and easy to read, but like everything, it has a negative side. The main minus is that there are a lot of repetitive moments, what sometimes irritate me.

This book explains an idea of what game theory is and show how logic and science applies to the world, where people are irrational. There are a significant amount of illustrations of every principle described in a book. Also, it is easy to read for people of different backgrounds as there are a lot of examples no I found this book very cognitive and easy to read, but like everything, it has a negative side.