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Reviewed by Vincent Dublado for Readers' Favorite
Most of us believe that we come up with rational decisions. Yet we are influenced by many factors that we don’t see. Outplayed: How Game Theory Is Used Against Us by David Lockwood is a very useful tool in understanding behavior that affects our decisions and those of others. In its layman-friendly approach, this book focuses more on application rather than theory. As many are discouraged from truly 'getting' the essence of game theory due to the math involved, this book enables you to learn game theory by analyzing the examples provided that are based on actual scenarios. From the origins of game theory to its contemporary applications, you are treated to developing strategies as the book focuses on broader topics such as political science, economics, and biology.
Understanding rational behavior has never been this entertaining and informative. David Lockwood makes it accessible by not limiting game theory to explaining how you can win at gambling or parlor games. He gives you a detailed and digestible analysis of how it is applied in business, decision-making, politics, and human relationships. By providing case studies and real-life stories, Outplayed helps to give you a tighter grasp on the nature of decisions based on the best possible outcome, given the likely behavior of others. Lockwood knows the game, which makes this book a surefire must-read if you do not want to end up with a less optimal outcome in your own decisions. Of course, nothing in life is truly simple, but you at least will be equipped with knowing how others are likely to behave.