Ebook Game-Changer: Game Theory and the Art of Transforming Strategic Situations By David McAdams
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Game-Changer: Game Theory and the Art of Transforming Strategic Situations By David McAdams
Ebook Game-Changer: Game Theory and the Art of Transforming Strategic Situations By David McAdams
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- Sales Rank: #326549 in Books
- Published on: 2014-12-15
- Original language: English
- Number of items: 1
- Dimensions: 8.30" h x .80" w x 5.50" l, .0 pounds
- Binding: Paperback
- 304 pages
From Booklist
As a game-theory business consultant, McAdams sees the game in everything, from the Cold War to the aisles of your supermarket. In a classic mind experiment called the prisoners’ dilemma, he describes the options and four possible outcomes of the confessions of two separated prisoners using a so-called payoff matrix. Each player has a dominant strategy to confess that will maximize his or her own payoff of reduced jail time regardless of the other’s move, yet if they both confess, this advantage is nullified. This dilemma is used throughout the book to illustrate game tactics involved in football, battles of war, the ban on cigarette advertising, competitive pricing strategies, antibiotics resistance, fund-raising, and even the secrecy of the Mafia. McAdams shows how forces such as regulation, trust, and relationships allow marketers to break free of the prisoners’ dilemmas to provide products and services at competitive yet profitable prices. This is an eye-opening treatise on how game theory can help you solve problems not only in the business world but in everyday life as well. --David Siegfried
Review
Real-life lessons presented in a readily accessible way for the benefit of non-business readers. (Kirkus Reviews, Starred Review)
David McAdams’s Game-Changer is a rare book: a nontechnical first introduction to game theory that also offers a fresh perspective, on how the best strategy for playing a game can often be to change the rules. I can see that I’ll have lots of opportunities to recommend it. (Alvin E. Roth, winner of the 2012 Nobel Prize in Economics)
Ideally, business strategy books provide both general insights applicable to a broad set of competitive situations and illustrations of the theory that demonstrate the richness of the insight and the practical formulation of strategy. Game-Changer is chock-full of both insight and applications. (R. Preston McAfee, author of Competitive Solutions: A Strategist’s Toolkit)
Intriguing…. An absorbing read. (Publishers Weekly)
About the Author
David McAdams is a professor at the Duke University Fuqua School of Business. He is a leading scholar, popular teacher, and game-theory business consultant. He lives with his wife and children in Durham, North Carolina.
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