The Art of Strategy: A Game Theorist's Guide to Success in Business and Life

Description

The authors who brought you the bestseller in game theory, Thinking Strategically, now provide the long-awaited sequel.Game theory means rigorous strategic thinking. 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. 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. Using a diverse array of rich case studies—from pop culture, TV, movies, sports, politics, and history—the authors show how nearly every business and personal interaction has a game-theory component to it. Are the winners of reality-TV contests instinctive game theorists? Do big-time investors see things that most people miss? What do great poker players know that you don't? Mastering game theory will make you more successful in business and life, and this lively book is the key to that mastery. Preface Introduction: How Should People Behave in Society? PART I 1. Ten Tales of Strategy 2. Games Solvable by Backward Reasoning 3. Prisoners’ Dilemmas and How to Resolve Them 4. A Beautiful Equilibrium Epilogue to Part I PART II 5. Choice and Chance 6. Strategic Moves 7. Making Strategies Credible Epilogue to Part II: A Nobel History PART III 8. Interpreting and Manipulating Information 9. Cooperation and Coordination 10. Auctions, Bidding, and Contests 11. Bargaining 12. Voting 13. Incentives 14. Case Studies Further Reading Workouts Notes