Strategic Thinking: And Strategic Competition in Daily Life

Author: Avinash K. Dixit (USA), Barry J. Nalebuff
Publisher: China Renmin University Press
Publication Date: Not available
Features: This book by Nalebuff, a professor at Yale University, and Dixit, a professor at Princeton University, uses numerous real-life examples to demonstrate the principles of strategic thinking in game theory to readers without an economics background. Life is an endless process of decision-making. Whether to choose what kind of job to do, how to manage a business, whom to marry, how to raise children, or whether to compete for the position of CEO, are all examples of such decisions. You are not making decisions in a vacuum. Instead, you are surrounded by other decision-makers just like you. While there are many elements of conflict, there are also many elements of cooperation. This book will help you learn to think strategically and increase your chances of winning in the game of life. The academic foundation of this book is the "Strategic Games" course offered by Professor Dixit at the School of Public and International Affairs at Princeton University. In short, this is the art of understanding how your opponents intend to defeat you and then defeating them. Topics such as how to win a tennis match, how a few can defeat the many, and why you should "love" your hated opponent are all discussed. This is an emerging strategic science composed of some simple basic principles. Readers from different backgrounds and industries who master these principles will elevate their ability to strategize and achieve victory. But be prepared: it's quite challenging to read this book.