Thinking Strategically

Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life is a non-fiction book by Indian-American economist Avinash Dixit and Barry Nalebuff, a professor of economics and management at Yale School of Management. The text was initially published by W. W. Norton & Company on February 1, 1991.

The book discusses issues of strategic behaviour, decision making, and game theory. The authors present the main concepts, such as backward induction, auction theory, Nash equilibrium, noncooperative bargaining, to a general audience. Each concept is illustrated by examples from common life, business, sports, politics, etc.—as applying game theory to real life may be the best way of crystallizing the best options available.

—Review by Financial Times

• 1984 Orange Bowl
• Co-Opetition: A Revolution Mindset that Combines Competition and Cooperation also co-authored by Barry Nalebuff
• Coordination game
• Tragedy of the commons
• Thinking, Fast and Slow

• Excerpt from the book