Customer Review

10 of 11 people found the following review helpful
5.0 out of 5 stars Buy it now!, 12 Feb 2011
Verified Purchase(What is this?)
This review is from: The Art of Strategy: A Game Theorist's Guide to Success in Business and Life (Hardcover)
Game theory is a fascinating and tragically underrated field. This has much to do with mathematical abstraction and obscurantism. A "game" represents any scenario with two or more independent players, where each player's payoff depends on the combined choices of everyone.

This situation leads to easy mathematical modeling, but many real-world situations can also be represented as "games". For instance, "The Battle of the Sexes" is a game which models the competing entertainment choices of a couple who want to spend the night out on the town together. The game of "Chicken" can be used to model both the behaviour of teenagers or Cold War nuclear brinkmanship.

Dixit and Nalebuff explain games in terms of what they are to ordinary people -- simple stories illustrating the importance of strategic behaviour -- and not as abstract mathematical problems. They explain key points with examples from books, game shows, movies, and sport. They also show how a knowledge of game theory can come in handy when voting, bidding on eBay, or bargaining with others.

This book is essentially an updating and significant revision of their earlier book "Thinking Strategically". Thomas Schelling is an academic who takes a similar approach to game theory; his books are worth checking out if Dixit and Nalebuff manage to whet your appetite for the field.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Be the first person to comment on this review.

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the full guidelines ">here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking on the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
 


Review Details

Item

4.7 out of 5 stars (9 customer reviews)
5 star:
 (7)
4 star:
 (1)
3 star:
 (1)
2 star:    (0)
1 star:    (0)
 
 
 
19.99 13.59
Add to basket Add to wishlist
Reviewer


Top Reviewer Ranking: 8,518