#250: The Art of Strategy
The Art of Manliness
The Art of Manliness
4.7 • 14.8K Ratings
🗓️ 9 November 2016
⏱️ 54 minutes
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Summary
Whether you’re a businessman, a statesman, a general, or a parent, you’re strategizing on a daily basis. So how do you do it better?
My guest today will provide some insights. His name is Barry Nalebuff. He’s a game theory expert and the author of "The Art of Strategy: A Game Theorist's Guide to Success in Business and Life." On the show Barry and I discuss how game theory can help you make better strategic decisions in all sorts of situations. We explore why threatening to punish your child’s sibling for bad behavior might be a more effective strategy than threatening to punish the child himself, what Donald Trump can teach us about the promise and perils of injecting randomness into your strategy, and how you can use game theory against yourself to lose weight or even quit smoking.
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Transcript
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| 0:00.0 | Bratmicae here and welcome to another edition of the Art of Manliness podcast. Whether |
| 0:18.5 | you're a businessman, a statesman, a general, or a parent, you're strategizing on a daily |
| 0:23.8 | basis. So how can you do it better? Well, my guest today will write some insights. His |
| 0:27.5 | name is Barry Nellbuff. He's a Game Theory expert in the author of the book The Art of |
| 0:31.4 | Strategy, a Game Theory Sky to Success in Business and Life. And on the show today, Barry |
| 0:36.4 | Knight discuss how Game Theory can help you make better strategic decisions in all sorts |
| 0:40.5 | of situations. For example, we explore why threatening to punish your child's sibling |
| 0:45.2 | for bad behavior might be a more effective strategy than threatening to punish the child |
| 0:49.6 | himself. I know that sounds mocky of Ellen Bull explaining the reasoning behind that. |
| 0:53.2 | We'll discuss what Donald Trump can teach us about the promise and perils of injecting |
| 0:57.0 | randomness into your strategy. We also talk about how you can employ Game Theory against |
| 1:01.1 | yourself to lose weight or even quit smoking. After the show is over, check out the show |
| 1:06.0 | notes at a-w-m-dot-i-s-slash-game-theory. |
| 1:08.5 | Barry Nellbuff, welcome to the show. Thanks for inviting me. |
| 1:21.8 | So you're the co-author of a book called The Art of Strategy. It's about strategic thinking |
| 1:25.8 | in a particularly Game Theory, which is topic I've long been interested in. But before |
| 1:30.2 | we get into the specifics of Game Theory, what it is, let's talk about strategy broadly. |
| 1:34.9 | How do you and your co-author define strategic thinking in your book? What is strategy really? |
| 1:42.0 | Strategy is different from decision making. And the reason is that there are other people's |
| 1:48.8 | decisions that end up mattering. So when a lumberjack cuts down a tree or an engineer |
| 1:53.2 | builds a bridge, that bridge isn't responding, isn't thinking. The tree isn't a strategic |
| 1:58.6 | player. But when you make decisions in the real world, the success of your actions depends |
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