by Avinash K. Dixit , Barry J. Nalebuff
In 1983, the American yacht Liberty lost a massive lead in the America’s Cup because the skipper played it safe instead of playing it smart. He didn’t understand a fundamental rule of game theory: when you’re ahead, your only goal is to neutralize your opponent’s gambles.
In today’s 5-minute briefing on the seminal work Thinking Strategically by Avinash Dixit and Barry Nalebuff, we dive into the science of decision-making. Discover why your success is 100% dependent on the choices of others and how to start seeing the “Game Tree” before you make your next move. Learn why logic, not just luck, dictates who wins in business, politics, and everyday life.
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Avinash K. Dixit is the Sherrerd University Professor of Economics Emeritus at Princeton University and a preeminent authority on game theory and international trade. With a PhD from MIT, he has held prestigious positions at Oxford and Warwick and served as president of the American Economic …
Barry J. Nalebuff is the Milton Steinbach Professor of Management at the Yale School of Management, where he has spent over three decades teaching strategy and game theory. A leading authority in his field, Nalebuff has co-authored influential bestsellers including 'Thinking Strategically' and 'The …
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