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Thinking Strategically: Win the game of mental chess (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…
The skinny
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