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Game Changer: Game Theory and the Art of Transforming Strategic Situations Hardcover – 28 Mar 2014

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"Real-life lessons presented in a readily accessible way for the benefit of non-business readers." "David McAdams's Game-Changer is a rare book: a nontechnical first introduction to game theory that also offers a fresh perspective, on how the best strategy for playing a game can often be to change the rules. I can see that I'll have lots of opportunities to recommend it." -- Alvin E. Roth, winner of the 2012 Nobel Prize in Economics "Ideally, business strategy books provide both general insights applicable to a broad set of competitive situations and illustrations of the theory that demonstrate the richness of the insight and the practical formulation of strategy. Game-Changer is chock-full of both insight and applications." -- R. Preston McAfee, author of Competitive Solutions: A Strategist's Toolkit "Intriguing... An absorbing read."

About the Author

David McAdams is a professor at Duke University Fuqua School of Business. He is a leading scholar, popular teacher and game-theory business consultant.

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Most Helpful Customer Reviews on (beta) 3 reviews
8 of 8 people found the following review helpful
An easier read than I expected. 17 Mar. 2014
By Amazon Customer - Published on
Format: Kindle Edition Verified Purchase
I enjoyed this book immensely. I will admit that I know a little about game theory, but I have yet to apply it. With my prior knowledge of game theory not taken into consideration, I felt this book was a easy to understand. However the book focuses only on the most common game in game theory, the prisoners dilemma. This appears to be the most common game that people play. The book offers a detailed look into the inner workings of the PD, so no prior game theory knowledge is really even necessary.
4 of 4 people found the following review helpful
Good Premise, but some bad and inaccurate examples 20 May 2014
By cmkadmin - Published on
Format: Kindle Edition
The basic premise of the book is dealing with a "game" known as the prisoners dilemma and ultimately ways out of it. It all culminates in a one page summary on p.146. The principles you learn are quite helpful in identifying this scenario's appearance in real life situations in business, medicine, politics, etc... The main section of the book is followed by 6 practical examples. It reads well and is almost entirely non-technical, making it a good introduction to game theory for those curious about it.

My only complaint is that some of the examples weren't chosen very well. For example, the author, very early on, encourages 'welcoming regulation'. Here, he cites the tobacco industry advertising ban as an example - as banning advertising (except print of course) freed up approximately 30% of company revenue without having a measurable effect on sales. Of course, the underlying reason is that tobacco products are highly addictive. This sort of situation is, I reckon, very rare - but perhaps you can think of more examples.

Still, all in all a good book - the concept is sound and might convince you to look into the many other aspects of game theory.
0 of 1 people found the following review helpful
Four Stars 27 Aug. 2014
By Jessica D. Simmons - Published on
Format: Hardcover Verified Purchase
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