Summary of Avinash K. Dixit & Barry J. J. Nalebuff's The Art of Strategy

Please note: This is a companion version & not the original book. Book Preview:

#1 We begin with ten stories of strategy from different aspects of life. Some of the answers may be surprising, but surprise is not the primary purpose of the examples. Our aim is to show that such situations are pervasive, and that methodical thinking about them is likely to be fruitful.

#2 The game is to imagine that you are going to receive money and play the same way. The chance of getting the number right on the first shot is very low, only one in a hundred. To improve your chances, we will give you five guesses, and after each wrong guess, we will tell you if you are too high or too low.

#3 The key lesson of game theory is to put yourself in the other player’s shoes. When guessing a number picked at random, the number isn’t trying to hide. But when playing a game, you must consider how the other player will be acting and how those decisions will influence your strategy.

#4 The final challenge was to stand on a pole with one hand on the immunity idol. The last person standing would go into the finals. The winner would get to choose their opponent in the finals. Richard’s two remaining rivals were 72-year-old retired Navy SEAL Rudy Boesch and 23-year-old river guide Kelly Wiglesworth.

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