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Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life (Norton Paperback), by Avinash K. Dixit Barry J. Nalebuff
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Review
A fascinating new book that can be read with real pleasure.... The problem is, of course, that if Dixit and Nalebuff can improve your strategic IQ, they can improve your competitor's as well and the Japanese rights were sold months ago. --David WarshMachiavelli is brought up-to-date in this book by Dixit and Nalebuff. They make strategic tools humorous, human, and effective. --Elizabeth Bailey, former dean, Graduate School of Industrial Administration, Carnegie Mellon UniversityI confess that I have never thought of monetary policy or government as a game, but Professors Dixit and Nalebuff succeed brilliantly in clarifying questions we all face in decision-making, elevated or mundane. --Paul A. VolckerThinking Strategically gives you the vital components for good and effective negotiating. --Bob Woolf, author of Friendly PersuasionTo be literate in the modern age, you need to have a general understanding of game theory. Dixit and Nalebuff provide the skeleton key. You'll benefit from Thinking Strategically and enjoy the book. --Paul SamuelsonA fascinating new book that can be read with real pleasure.... The problem is, of course, that if Dixit and Nalebuff can improve your strategic IQ, they can improve your competitor's as well. --David WarshTo be literate in the modern age, you need to have a general understanding of game theory. Dixit and Nalebuff provide the skeleton key. You'll benefit from Thinking Strategically and enjoy the book. --Paul SamuelsonA gem of a book. It makes some important insights on the frontiers of economics and game theory easily accessible, tremendously enjoyable, and practically useful. --Buron G. Malkiel, author of A Random Walk Down Wall Street"Dixit and Nalebuff set out sure-fire rules for thinking about strategy. --David Henderson"Machiavelli is brought up-to-date in this book by Dixit and Nalebuff. They make strategic tools humorous, human, and effective. --Elizabeth Bailey, former dean, Graduate School of Industrial Administration, Carnegie Mellon University"
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About the Author
Avinash Dixit is Emeritus John J.F. Sherrerd University Professor of Economics at Princeton University, where he offered his popular freshman course in game theory. He is among the world’s leading economists, having made fundamental contributions in several major fields as well as in game theory. He is the author of many books, including Dixit/Nalebuff: Thinking Strategically (Norton, 1991), Dixit/Pindyck: Investment Under Uncertainty (Princeton University Press, 1994), and Dixit/Nalebuff: The Art of Strategy (Norton, 2009).Barry J. Nalebuff is the Milton Steinbach Professor at the Yale School of Management. Nalebuff applies game theory to business strategy and is the co-founder of one of America's fastest-growing companies, Honest Tea.
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Product details
Series: Norton Paperback
Paperback: 393 pages
Publisher: W. W. Norton & Company; Reissue edition (April 17, 1993)
Language: English
ISBN-10: 9780393310351
ISBN-13: 978-0393310351
ASIN: 0393310353
Product Dimensions:
5.5 x 1.2 x 8.3 inches
Shipping Weight: 14.9 ounces (View shipping rates and policies)
Average Customer Review:
4.1 out of 5 stars
120 customer reviews
Amazon Best Sellers Rank:
#33,784 in Books (See Top 100 in Books)
Thinking Strategically is one of the first books I ever read on strategy. Since I read it it has changed my perspective and way of thinking and analyzing all sorts of problems from business to personal life. The book in a sense has become a manual of problem assessment in my life I have used its concepts in situations where I have to predict rivals moves in business, work and personal life. Also its concepts help you in situations where you have to bargain or assess opportunities and disadvantages in purchases, investments or even in choosing your partner. Thinking Strategically is a rational approach to decision making that can reduce the stress and anxiety of uncertainty and will give you better control in life. In the end outcomes in life are statistical and through good strategy you have a more dominant position reducing risk and loses.The only thing missing in the book might be Harvard's strategy expert Michael Porter, who is one of the most important proponents on business strategy with his theory of the 5 forces. However Porter's approach is eminently business oriented and it doesn't have much applicability in other types of non-business scenarios.Thinking Strategically is more a general overview of the most fundamental concepts and theories in strategy and definitely a must read for those interested in understanding more about decision making. Its power for the general public is the easy to understand reading of complex mathematical and economic concepts.
So I recently moved from Banking industry into consulting. I keep hearing strategy this, Strategy consulting and it just confused me as to how is it different from plan. So I went online and looked this book up, an man is it interesting. It is a good book. So let me make few key points here:- It is fun to read from page one (This is important to note as I am not a reader, i am a watcher, i love to watch movies)- It is laid out well, I was infact so impressed that i started making notes as a I read it, and i suggest to get most out of this book make notes.- Will this help you think strategically, umm I am not so sure, however, it will help you analyze what you read in the newspapers on a daily basis. Be it Budget talks in the white house and how one side is pushing the other over, how they strategize, you can actually guess and understand more than what you read at the surface in the news papers. And trust me it is a cool nerdy feeling. So in a way it helps you look into how people respond and build your best response. So over time it will help train you to become a strong strategist, but don't expect to be running Bain and company by the end of this book.- Finally Price - you cant beat it, so much knowledge for so little, its like the arm chair economist, you should buy that too, if you like fun reads like this.
This book was recommended to me by my manager as one of his favorite business/leadership books. Thinking Strategically is a book that talks about the different decision requiring situations that involve multiple parties within a variety of settings - politics, corporate etc and the underlying game theory fundamentals. Namely some situations are where the parties involved act simultaneously and ones where they move in a sequential manner. For each backward reasoning is used to determine the different strategies and outcomes for each of the parties. The authors not only present the strategies, but also the reasoning on how one arrives to them and their superiority in different settings and more importantly their weakness in some of the scenarios. Not all problems, after all, have an equilibrium solution.While there are a number of other books that discuss the topic of thinking and making decisions, this book set itself apart by the plethora of applied examples. My only criticism is that there is quite a bit of overlap amongst other sections. While that serves the reader who is reading one section at a time well, if you are reading the book cover to cover, you will find some repetition.I will conclude with one of my top learnings from this book is and I quote: "...it suggests that in the case of making offers, "'Tis better to give than to receive."" This was in reference to tactics on bargaining.
I thought that strategy would have more substantial science behind it. Dixit introduces gaming theory and numerous interesting examples of how strategies were executed, but it is not easy to find the fundamental principles of strategy that one can apply everywhere. After reading the book I do not feel much more enlightened and enabled with strategy development and execution... except for the chapter on brinkmanship. That one was enlightening.
I liked the book. The authors examples and explanations helped out a lot on Game Theory and how it is used in some cases. I was able to follow along and keep up on most of it. I like math just as much as the next person, but the examples in the book were simplified enough for almost anyone to follow along. I would recommend this book for anyone that would like a different point of view when negotiating life's challenges, rather that be in personal life, business, or for fun.
Unless you're into playing games . but I don't play games. So I am not feeling it! A waste of my money.
This is a terrific book written by two prominent researchers in the field of game theory who decided to bring their area of expertise to the masses. It fully deserves its bestseller status for distilling many of the most important concepts from game theory into a math-free format, with plenty of salient applications. Anyone who enjoys this book should be able to take something useful from it.Thinking Strategically was required as a supplementary text in a game theory course I took as an undergrad; while I enjoyed the notation-heavy textbook, Osborne's An Introduction to Game Theory, Dixit and Nalebuff are beyond comparison in their ability to distill complicated problems into simple, intuitive solutions.
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