The Art of Strategy or The Book of Five Rings

The Art of Strategy: A Game Theorist's Guide to Success in Business and Life

Author: Avinash K Dixit

The authors who brought you the bestseller in game theory, Thinking Strategically, now provide the long-awaited sequel.

Game theory means rigorous strategic thinking. It's the art of anticipating your opponent's next moves, knowing full well that your rival is trying to do the same thing to you. Though parts of game theory involve simple common sense, much is counterintuitive, and it can only be mastered by developing a new way of seeing the world. Using a diverse array of rich case studies—from pop culture, TV, movies, sports, politics, and history—the authors show how nearly every business and personal interaction has a game-theory component to it. Are the winners of reality-TV contests instinctive game theorists? Do big-time investors see things that most people miss? What do great poker players know that you don't? Mastering game theory will make you more successful in business and life, and this lively book is the key to that mastery.

Table of Contents:

Introduction How Should People Behave in Society?

Part I

1 Ten Tales of Strategy 3

2 Games Solvable by Backward Reasoning 32

3 Prisoners' Dilemmas and How to Resolve Them 64

4 A Beautiful Equilibrium 102

Epilogue to Part I 137

Part II

5 Choice and Chance 141

6 Strategic Moves 173

7 Making Strategies Credible 201

Epilogue to Part II: A Nobel History 229

Part III

8 Interpreting and Manipulating Information 235

9 Cooperation and Coordination 270

10 Auctions, Bidding, and Contests 301

11 Bargaining 335

12 Voting 359

13 Incentives 386

14 Case Studies 409

Further Reading 443

Workouts 447

Notes 457

Index 473

Look this: Bipolar Disorder or Stem Cell Divide

The Book of Five Rings

Author: Miyamoto Musashi

Setting down his thoughts on swordplay, on winning, and on spirituality, legendary swordsman Miyamoto Musashi intended this modest work as a guide for his immediate disciples and future generations of samurai. He had little idea he was penning a masterpiece that would be eagerly devoured by people in all walks of life centuries after his death.

Along with The Art of War by Sun Tzu, The Book of Five Rings has long been regarded as an invaluable treatise on the strategy of winning. Musashi's timeless advice on defeating an adversary, throwing an opponent off-guard, creating confusion, and other techniques for overpowering an assailant was addressed to the readers of earlier times on the battlefield, and now serves the modern reader in the battle of life.

In this new rendering by the translator of Hagakure and The Unfettered Mind, William Scott Wilson adheres rigorously to the seventeenth-century Japanese text and clarifies points of ambiguity in earlier translations. In addition, he offers an extensive introduction and a translation of Musashi's rarely published The Way of Walking Alone. This gift-book edition also features original art by Musashi himself as well as new calligraphy by Japanese artist Shiro Tsujimura.


About the Author

Miyamoto Musashi (1584-1645) was a renowned swordsman and painter. A masterless samurai, he developed the two-sword style of fighting and emerged victorious in more than 60 sword fights in his travels throughout Japan. The author of The Book of Five Rings, he is also the subject of the novel Musashi by Eiji Yoshikawa.

William Scott Wilson, the translator, was born in 1944 in Nashville, Tennessee, and grew up in Florida. He received B.A. degrees from Dartmouth College and the Monterey Institute of Foreign Studies, and an M.A. in Japanese literary studies from the University of Washington. His long-selling translations of Hagakure, The Unfettered Mind, The Roots of Wisdom:
Saikontan, and Taiko have become standards. Hagakure was featured prominently in the film Ghost Dog.

Time

On Wall Street, when Musashi talks, people listen.

Library Journal

Written by legendary Japanese swordsman Musashi, this 17th-century exposition of sword-fighting strategy and Zen philosophy has been embraced by many contemporary readers, especially business school students, as a manual on how to succeed in life. There are many English translations, but every one, including this one, suffers from inadequate cultural, literary, and philosophical commentary. Musashi's work should be studied, not simply read, and Cleary's translation lacks commentary; it also makes the prose seems flat and the philosophy simplistic. Yet what makes this new translation worthwhile is the second text, buried deep in the back like an appendix: Yagyu Munenori's The Book of Family Traditions on the Art of War . This text, also an exposition on sword fighting and Zen philosophy, is difficult to find in an English translation, and its availability is welcome. Recommended for academic libraries generally.-- Glenn Masuchika, Chaminade Univ. Lib., Honolulu

BookList

Here are two Japanese martial arts classics from the seventeenth century, of more than ordinary interest because of their distinguished translation and because of their identification with Zen. Musashi says things like "It is crucial to think of everything as an opportunity to kill," and there's no question his primer on training the would-be warrior's mind and body is, in that respect, as effective as ever. What might interest readers not inclined to bloodlust is Musashi's pared-down philosophy, as exemplified in his nine rules for learning any art. These include "Think of what is right and true," "Understand the harm and benefit in everything," "Become aware of what is not obvious," and the delightful "Do not do anything useless." Following Musashi's last meditation, "The Scroll of Emptiness" (about how, when one masters an art, one separates from it into a state of perfect, contented clarity), is Yagyu's short essay on the art of war. Yagyu, apparently quite a bloody warrior in his youth, in late life worked hard to link martial arts concepts to Zen, and his short essay has a distilled, aphoristic quality. Both writers are marvels of clarity and, oddly, peacefulness.