The Joy of Game Theory
Presh Talwalkar runs the YouTube channel and blog Mind Your Decisions, which has millions of views on videos and articles about math and game theory. At Stanford University, he majored in Economics and Mathematics.
The Joy of Game Theory is a collection of the best articles from the blog Mind Your Decisions column Game Theory Tuesdays. Game Theory Tuesdays articles have been cited in The Freakonomics Blog, Yahoo Finance, and CNN.com. The second edition includes many streamlined explanations as well as suggestions from first-edition readers.
Game theory is the study of interactive decision-making or situations in which each individual's actions affect the outcome for the entire group. This book will teach you how to understand game theory and practically implement solutions through a series of stories and the use of over 30 illustrations.
The Joy of Game Theory has two primary goals:
- To assist you in recognizing strategic games such as the Prisoner's Dilemma, Bertrand Duopoly, Hotelling's Game, Chicken Game, and Mutually Assured Destruction.
- To teach you how to make better decisions and change the game, a powerful concept that can turn no-win situations into win-win situations. You'll learn how to negotiate more effectively by making your threats credible, sometimes limiting your options or burning bridges, and constantly thinking of new ways to achieve better results.
As these objectives suggest, game theory is about more than just board games and gambling. It all appears to be so simple, but that definition belies the complexities of game theory. While game theory can be grasped in seconds, it takes a lifetime to appreciate and master. This is a good place to start.
Author: Presh Talwalkar
Link to buy: https://www.amazon.com/gp/aw/d/B00H69CQ4Q/
Ratings: 4.3 out of 5 stars (from 277 reviews)
Best Sellers Rank: #122,359 in Kindle Store
#8 in Game Theory (Kindle Store)
#19 in Game Theory (Books)
#73 in Business Systems & Planning
