With 257 combat missions in Vietnam under his belt, Gary Smith is a living witness to the realities of Naval Special Warfare. He worked with some of the toughest and most highly motivated men in the world, executing missions in the murderous terrain of Rung Sat Special Zone and Dung Island. The key to their success: go where no ordinary soldier would go and no VC would expect them.
Though death reigned as king in the jungles of Vietnam, Gary Smith considered it a privilege and an honor to serve under the officers and with the men of Underwater Demolition Team Twelve and SEAL Team 1. Because he and his teammates, trained to the max, gave each other the courage to attain the unattainable . . . .
From the Paperback edition.
With five tours of Vietnam and 257 combat missions under his belt, Navy SEAL Gary R. Smith has witnessed hell itself. DEATH IN THE DELTA covers his third and fourth tours in Nam. From Cam Ranh Bay to Nam Canh to night insertions into Cambodia, he served as SEAL adviser to volatile Vietnamese special forces, including the fierce PRUs (Provincial Reconnaissance Units), Biet Hai, and Regional Forces. Often accompanying their missions, Smith vividly captures the nightmare of a jungle war, whether staging sudden deadly ambushes or sitting silently for hours soaking in mosquito-infested swamps.
It wasn't pretty, but Smith makes no apologies for himself or his fellow warriors in this no-holds-barred account. For him, its a privilege and honor to pass on a small part of the history of the U.S. Navy SEALs experience as he saw it in Vietnam.
From the Paperback edition.
Gary Smith’s sportswriting stands among the best journalism being written today. His award-winning stories shatter the confines of traditional sports reportage, getting beneath the wins and losses and penetrating into the hearts of the athletes themselves—into their lives and personal struggles, their communities and their worlds.
Beyond the Game brings together fifteen of Smith’s greatest stories, from groundbreaking profiles of international stars like Mike Tyson and Magic Johnson, to intimate looks at lesser-known athletes whose lives are driven by the thrill of competition and the love of a game. There is “Damned Yankee,” the heartbreaking story of John Malangone, who seemed destined to succeed Yogi Berra as the Yankees’ starting catcher—until his career was destroyed by the crushing weight of a childhood trauma that continued to haunt him. “Someone to Lean On” is the inspirational story of an extraordinary retarded man named Radio and the South Carolina high school football team that has adopted him for over thirty years. “Shadow of a Nation” tells of a Crow Indian community’s intense passion for basketball—and how former high school star Jonathan Takes Enemy must struggle to escape the tragic history of his tribe as he seeks a place in the world outside the reservation.
The stories in Beyond the Game are stories of dreams and fears, failure and triumph, self-destruction and salvation, set in the twilight shadows between the sun-drenched playing fields and brightly lit arenas at the heart of sports and the darkness of the locker rooms and lonely streets that lurk at their periphery. Each of Gary Smith’s moving stories will profoundly touch you and remain with you, long after you have closed the pages of this book.
WHEN YOU'RE SERVING WITH THE VERY BEST
For UDT/SEAL team member Gary R. Smith, just being part of an elite military organization wasn't enough--he had to be in the thick of the action. Because in bloody, violent Vietnam he learned there's no stronger bond than the one forged in the gut-wrenching chaos of combat. During ambushes, PRU combat patrols, and extractions from hot LZs, Smith depended on the courage and sacrifice of his fellow SEALs, who time and again placed their own lives on the line so that he might survive.
In MASTER CHIEF, Gary Smith covers his fifth tour in Vietnam and his rise to the highest enlisted rank, master chief petty officer. Characteristically, Smith holds nothing back when describing life during wartime in one of the world's toughest fighting units.
Based on the author's own experience, as well as his own and others' diaries, letters, and documents, and on extensive interviews, MASTER CHIEF is an outstanding memoir of a warrior who answered the call to arms when
his country needed him.
From the Paperback edition.
For almost ten years, Gary Smith, S.J., lived and worked among the poor of Portland, Oregon. With this memoir, he invites us to walk with him and meet some of the abandoned, over-looked, and forgotten members of our society with whom he has shared his life. Just as Smith found a deeper, truer understanding of himself and of the heart of God through his work, these people and their stories stand to transform us. "Although its subject matter is bleak, the book is not. Smith has found love amid the despair. His book is touching, at times hopeful, and the kind of book that is hard to put down, that fascinates, horrifies, and rivets one's attention."
--"Booklist" "Smith takes us where we would rather not go, the heart of the poor, the lonely, and the abandoned. In true Ignatian fashion, he finds God there. An unforgettable experience for those who have the courage to walk with him."
--Michael L. Cook, S.J.
Professor of theology
Gonzaga University "Smith performs modern-day miracles of compassion, and his book sets a new standard for writing about the rich faith of those who are materially poor. His stirring prose and utter honesty will change the hearts and minds of many readers."
--Gerald T. Cobb, S.J.
Chair, department of English
Smith's journal is a vivid, inspiring account of the deep connections he forged during his life-changing experience with the Sudanese refugees in Uganda. Along the way, he discovered a suffering people who, despite being displaced by a brutal civil war, find the strength to let go of the many and deep sorrows of the past.
Ultimately, They Come Back Singing is a window to the spiritual life and growth of a priest whose generous spirit and genuine love allow him to serve—and be served—in truly extraordinary ways.
These are just a few of the questions that are answered in this definitive book on goalie masks. Saving Face looks at the development of the mask from its earliest days as a rudimentary face-saving device to its current high-tech design, bullet-proof construction, and cutting-edge artwork.
The book offers a visual journey, too. More than 150 historic and modern photos, including thirty-plus full-page shots of some of the most famous masks ever created, support a text that weaves the tale of the mask’s development.
Based on extensive archival research and exclusive interviews, Saving Face tells the story of the goalies behind the mask and their fight for the right to wear one. It also looks at the talented mask makers, artisans, and artists behind hockey’s modern masterpieces. This updated edition includes masks worn by some of the most exciting stars in the game today.
While goaltenders the world over owe a debt of thanks to those who created, developed, championed, and continuously improved the mask, hockey fans everywhere are thankful, too. For the mask today has gone far beyond its original function—saving face—to become the most intriguing piece of equipment in sports.
Skyhorse Publishing, as well as our Sports Publishing imprint, are proud to publish a broad range of books for readers interested in sports—books about baseball, pro football, college football, pro and college basketball, hockey, or soccer, we have a book about your sport or your team.
Whether you are a New York Yankees fan or hail from Red Sox nation; whether you are a die-hard Green Bay Packers or Dallas Cowboys fan; whether you root for the Kentucky Wildcats, Louisville Cardinals, UCLA Bruins, or Kansas Jayhawks; whether you route for the Boston Bruins, Toronto Maple Leafs, Montreal Canadiens, or Los Angeles Kings; we have a book for you. While not every title we publish becomes a New York Times bestseller or a national bestseller, we are committed to publishing books on subjects that are sometimes overlooked by other publishers and to authors whose work might not otherwise find a home.
As Nobel Prize–winning economist Ronald Coase once cynically observed, “If you torture data long enough, it will confess.” Lying with statistics is a time-honored con. In Standard Deviations, economics professor Gary Smith walks us through the various tricks and traps that people use to back up their own crackpot theories. Sometimes, the unscrupulous deliberately try to mislead us. Other times, the well-intentioned are blissfully unaware of the mischief they are committing. Today, data is so plentiful that researchers spend precious little time distinguishing between good, meaningful indicators and total rubbish. Not only do others use data to fool us, we fool ourselves.
With the breakout success of Nate Silver’s The Signal and the Noise, the once humdrum subject of statistics has never been hotter. Drawing on breakthrough research in behavioral economics by luminaries like Daniel Kahneman and Dan Ariely and taking to task some of the conclusions of Freakonomics author Steven D. Levitt, Standard Deviations demystifies the science behind statistics and makes it easy to spot the fraud all around.
Frederick Winston is an aging, egocentric billionaire working on the architectural piece-de-resistance of his illustrious career. Winston Center will be the culmination of a life-long dream, to be constructed in New York City. One thing, however, is standing in Winston's way: cancer. Winston learns that he has mere months to live. Desperate to stay alive long enough to fulfil his dream, he agrees to purchase a very expensive miracle cure from a very unscrupulous, secret oragnization.
Both men quickly become caught up in a tangled web of secrets, espionage and danger as they race against time in their personal struggles to uncover the truth behind their life and death situations. The fast moving story is a blend of action, mystery and interwoven plot twists and turns.
In Israel, pilot trainees who were praised for doing well subsequently performed worse, while trainees who were yelled at for doing poorly performed better. It is an empirical fact that highly intelligent women tend to marry men who are less intelligent. Students who get the highest scores in third grade generally get lower scores in fourth grade.
And yet, it's wrong to conclude that screaming is not more effective in pilot training, women choose men whose intelligence does not intimidate them, or schools are failing third graders. In fact, there's one reason for each of these empirical facts: Statistics. Specifically, a statical concept called Regression to the Mean.
Regression to the mean seeks to explain, with statistics, the role of luck in our day to day lives. An insufficient appreciation of luck and chance can wreak all kinds of mischief in sports, education, medicine, business, politics, and more. It can lead us to see illness when we are not sick and to see cures when treatments are worthless. Perfectly natural random variation can lead us to attach meaning to the meaningless.Freakonomics showed how economic calculations can explain seemingly counterintuitive decision-making. Thinking, Fast and Slow, helped readers identify a host of small cognitive errors that can lead to miscalculations and irrational thought. In What the Luck?, statistician and author Gary Smith sets himself a similar goal, and explains--in clear, understandable, and witty prose--how a statistical understanding of luck can change the way we see just about every aspect of our lives...and can help us learn to rely less on random chance, and more on truth.
Gary V. Smith (Ph.D., Dropsie College) was a member of the translation teams for both the NLT and HCSB Bible translation projects and has written numerous articles, reviews, and books on the Old Testament. These include Hosea, Amos, and Micah for the NIV Application Commentary series and Isaiah in the New American Commentary series. He has taught Old Testament at Bethel Theological Seminary in Minnesota and was professor of Old Testament and Hebrew at Midwestern Baptist Theological Seminary in Missouri. In 2004 he began teaching at Union University, where he is currently professor of Christian Studies.
The prerequisites are basic statistics and probability, matrices and linear algebra, and calculus.
Some exposure to finance is helpful.
“How could you, a mathematician, believe that extraterrestrials were sending you messages?” the visitor from Harvard asked the West Virginian with the movie-star looks and Olympian manner. “Because the ideas I had about supernatural beings came to me the same way my mathematical ideas did,” came the answer. “So I took them seriously.”
Thus begins the true story of John Nash, the mathematical genius who was a legend by age thirty when he slipped into madness, and who—thanks to the selflessness of a beautiful woman and the loyalty of the mathematics community—emerged after decades of ghostlike existence to win a Nobel Prize for triggering the game theory revolution. The inspiration for an Academy Award–winning movie, Sylvia Nasar’s now-classic biography is a drama about the mystery of the human mind, triumph over adversity, and the healing power of love.
New York Times Bestseller
“Not so different in spirit from the way public intellectuals like John Kenneth Galbraith once shaped discussions of economic policy and public figures like Walter Cronkite helped sway opinion on the Vietnam War…could turn out to be one of the more momentous books of the decade.”
—New York Times Book Review
"Nate Silver's The Signal and the Noise is The Soul of a New Machine for the 21st century."
—Rachel Maddow, author of Drift
"A serious treatise about the craft of prediction—without academic mathematics—cheerily aimed at lay readers. Silver's coverage is polymathic, ranging from poker and earthquakes to climate change and terrorism."
—New York Review of Books
Nate Silver built an innovative system for predicting baseball performance, predicted the 2008 election within a hair’s breadth, and became a national sensation as a blogger—all by the time he was thirty. He solidified his standing as the nation's foremost political forecaster with his near perfect prediction of the 2012 election. Silver is the founder and editor in chief of FiveThirtyEight.com.
Drawing on his own groundbreaking work, Silver examines the world of prediction, investigating how we can distinguish a true signal from a universe of noisy data. Most predictions fail, often at great cost to society, because most of us have a poor understanding of probability and uncertainty. Both experts and laypeople mistake more confident predictions for more accurate ones. But overconfidence is often the reason for failure. If our appreciation of uncertainty improves, our predictions can get better too. This is the “prediction paradox”: The more humility we have about our ability to make predictions, the more successful we can be in planning for the future.
In keeping with his own aim to seek truth from data, Silver visits the most successful forecasters in a range of areas, from hurricanes to baseball, from the poker table to the stock market, from Capitol Hill to the NBA. He explains and evaluates how these forecasters think and what bonds they share. What lies behind their success? Are they good—or just lucky? What patterns have they unraveled? And are their forecasts really right? He explores unanticipated commonalities and exposes unexpected juxtapositions. And sometimes, it is not so much how good a prediction is in an absolute sense that matters but how good it is relative to the competition. In other cases, prediction is still a very rudimentary—and dangerous—science.
Silver observes that the most accurate forecasters tend to have a superior command of probability, and they tend to be both humble and hardworking. They distinguish the predictable from the unpredictable, and they notice a thousand little details that lead them closer to the truth. Because of their appreciation of probability, they can distinguish the signal from the noise.
With everything from the health of the global economy to our ability to fight terrorism dependent on the quality of our predictions, Nate Silver’s insights are an essential read.
From the Trade Paperback edition.
“In this fascinating, often surprising book, Alvin Roth guides us through the jungles of modern life, pointing to the many markets that are hidden in plain view all around us.” — Dan Ariely, author of Predictably Irrational and The (Honest) Truth About Dishonesty
Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. But what about other kinds of “goods,” like a spot in the Yale freshman class or a position at Google? If you’ve ever sought a job or hired someone, applied to college or guided your child into a good kindergarten, asked someone out on a date or been asked out, you’ve participated in a kind of market. This is the territory of matching markets, where “sellers” and “buyers” must choose each other, and price isn’t the only factor determining who gets what.
In Who Gets What—and Why, Nobel laureate Alvin E. Roth reveals the matching markets hidden around us and shows us how to recognize a good match and make smarter, more confident decisions.
“Mr. Roth’s work has been to discover the most efficient and equitable methods of matching, and implement them in the world. He writes with verve and style . . . Who Gets What—and Why is a pleasure to read.” — Wall Street Journal
“A book filled with wit, charm, common sense, and uncommon wisdom.” — Paul Milgrom, professor of economics, Stanford University and Stanford Business School
This book represents the earliest clear, detailed, precise exposition of the central ideas and results of game theory and related decision-making models — unencumbered by technical mathematical details. It offers a comprehensive, time-tested conceptual introduction, with a social science orientation, to a complex of ideas related to game theory including decision theory, modern utility theory, the theory of statistical decisions, and the theory of social welfare functions.
The first three chapters provide a general introduction to the theory of games including utility theory. Chapter 4 treats two-person, zero-sum games. Chapters 5 and 6 treat two-person, nonzero-sum games and concepts developed in an attempt to meet some of the deficiencies in the von Neumann-Morgenstern theory. Chapters 7–12 treat n-person games beginning with the von Neumann-Morgenstern theory and reaching into many newer developments. The last two chapters, 13 and 14, discuss individual and group decision making. Eight helpful appendixes present proofs of the famous minimax theorem, several geometric interpretations of two-person zero-sum games, solution procedures, infinite games, sequential compounding of games, and linear programming.
Thought-provoking and clearly expressed, Games and Decisions: Introduction and Critical Survey is designed for the non-mathematician and requires no advanced mathematical training. It will be welcomed by economists concerned with economic theory, political scientists and sociologists dealing with conflict of interest, experimental psychologists studying decision making, management scientists, philosophers, statisticians, and a wide range of other decision-makers. It will likewise be indispensable for students in courses in the mathematical theory of games and linear programming.
Game theory shows that in order to coordinate its actions, a group of people must form "common knowledge." Each person wants to participate only if others also participate. Members must have knowledge of each other, knowledge of that knowledge, knowledge of the knowledge of that knowledge, and so on. Michael Chwe applies this insight, with striking erudition, to analyze a range of rituals across history and cultures. He shows that public ceremonies are powerful not simply because they transmit meaning from a central source to each audience member but because they let audience members know what other members know. For instance, people watching the Super Bowl know that many others are seeing precisely what they see and that those people know in turn that many others are also watching. This creates common knowledge, and advertisers selling products that depend on consensus are willing to pay large sums to gain access to it. Remarkably, a great variety of rituals and ceremonies, such as formal inaugurations, work in much the same way.
By using a rational-choice argument to explain diverse cultural practices, Chwe argues for a close reciprocal relationship between the perspectives of rationality and culture. He illustrates how game theory can be applied to an unexpectedly broad spectrum of problems, while showing in an admirably clear way what game theory might hold for scholars in the social sciences and humanities who are not yet acquainted with it.
In a new afterword, Chwe delves into new applications of common knowledge, both in the real world and in experiments, and considers how generating common knowledge has become easier in the digital age.
For those who slept through Stats 101, this book is a lifesaver. Wheelan strips away the arcane and technical details and focuses on the underlying intuition that drives statistical analysis. He clarifies key concepts such as inference, correlation, and regression analysis, reveals how biased or careless parties can manipulate or misrepresent data, and shows us how brilliant and creative researchers are exploiting the valuable data from natural experiments to tackle thorny questions.
And in Wheelan’s trademark style, there’s not a dull page in sight. You’ll encounter clever Schlitz Beer marketers leveraging basic probability, an International Sausage Festival illuminating the tenets of the central limit theorem, and a head-scratching choice from the famous game show Let’s Make a Deal—and you’ll come away with insights each time. With the wit, accessibility, and sheer fun that turned Naked Economics into a bestseller, Wheelan defies the odds yet again by bringing another essential, formerly unglamorous discipline to life.
This text is for courses that are typically called (Introductory) Differential Equations, (Introductory) Partial Differential Equations, Applied Mathematics, and Fourier Series. It follows a traditional approach and includes ancillaries like Differential Equations with Mathematica and/or Differential Equations with Maple. Because many students need a lot of pencil-and-paper practice to master the essential concepts, the exercise sets are particularly comprehensive with a wide array of exercises ranging from straightforward to challenging. There are also new applications and extended projects made relevant to everyday life through the use of examples in a broad range of contexts.
This book will be of interest to undergraduates in math, biology, chemistry, economics, environmental sciences, physics, computer science and engineering.Provides the foundations to assist students in learning how to read and understand the subject, but also helps students in learning how to read technical material in more advanced texts as they progress through their studies.Exercise sets are particularly comprehensive with a wide range of exercises ranging from straightforward to challenging.Includes new applications and extended projects made relevant to "everyday life" through the use of examples in a broad range of contexts.
Accessible approach with applied examples and will be good for non-math students, as well as for undergrad classes.
After introducing the concepts of probability, random variables, and probability density functions, the author develops the key concepts of mathematical statistics, most notably: expectation, sampling, asymptotics, and the main families of distributions. The latter half of the book is then devoted to the theories of estimation and hypothesis testing with associated examples and problems that indicate their wide applicability in economics and business. Features of the new edition include: a reorganization of topic flow and presentation to facilitate reading and understanding; inclusion of additional topics of relevance to statistics and econometric applications; a more streamlined and simple-to-understand notation for multiple integration and multiple summation over general sets or vector arguments; updated examples; new end-of-chapter problems; a solution manual for students; a comprehensive answer manual for instructors; and a theorem and definition map.
This book has evolved from numerous graduate courses in mathematical statistics and econometrics taught by the author, and will be ideal for students beginning graduate study as well as for advanced undergraduates.
These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life—from cheating and crime to sports and child-rearing—and whose conclusions turn conventional wisdom on its head.
Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They usually begin with a mountain of data and a simple question. Some of these questions concern life-and-death issues; others have an admittedly freakish quality. Thus the new field of study contained in this book: Freakonomics.
Through forceful storytelling and wry insight, Levitt and Dubner show that economics is, at root, the study of incentives—how people get what they want, or need, especially when other people want or need the same thing. In Freakonomics, they explore the hidden side of . . . well, everything. The inner workings of a crack gang. The truth about real-estate agents. The myths of campaign finance. The telltale marks of a cheating schoolteacher. The secrets of the Ku Klux Klan.
What unites all these stories is a belief that the modern world, despite a great deal of complexity and downright deceit, is not impenetrable, is not unknowable, and—if the right questions are asked—is even more intriguing than we think. All it takes is a new way of looking.
Freakonomics establishes this unconventional premise: If morality represents how we would like the world to work, then economics represents how it actually does work. It is true that readers of this book will be armed with enough riddles and stories to last a thousand cocktail parties. But Freakonomics can provide more than that. It will literally redefine the way we view the modern world.
Bonus material added to the revised and expanded 2006 editionThe original New York Times Magazine article about Steven D. Levitt by Stephen J. Dubner, which led to the creation of this book.Seven “Freakonomics” columns written for the New York Times Magazine, published between August 2005 and April 2006.Selected entries from the Freakonomics blog, posted between April 2005 and May 2006 at http://www.freakonomics.com/blog/.
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives.
Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them.
Introduces the core ideas and applications of game theory
Covers static and dynamic games, with complete and incomplete information
Features a variety of examples, applications, and exercises
Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission
Ideal for advanced undergraduate and beginning graduate students
Complete solutions available to teachers and selected solutions available to students
In A Cooperative Species, Samuel Bowles and Herbert Gintis--pioneers in the new experimental and evolutionary science of human behavior--show that the central issue is not why selfish people act generously, but instead how genetic and cultural evolution has produced a species in which substantial numbers make sacrifices to uphold ethical norms and to help even total strangers.
The authors describe how, for thousands of generations, cooperation with fellow group members has been essential to survival. Groups that created institutions to protect the civic-minded from exploitation by the selfish flourished and prevailed in conflicts with less cooperative groups. Key to this process was the evolution of social emotions such as shame and guilt, and our capacity to internalize social norms so that acting ethically became a personal goal rather than simply a prudent way to avoid punishment.
Using experimental, archaeological, genetic, and ethnographic data to calibrate models of the coevolution of genes and culture as well as prehistoric warfare and other forms of group competition, A Cooperative Species provides a compelling and novel account of how humans came to be moral and cooperative.
In addition to expanded explanations, the 11th edition includes new problems, updated figures and examples to help motivate students. The program is primarily intended for undergraduate students of mathematics, science, or engineering, who typically take a course on differential equations during their first or second year of study. The main prerequisite for engaging with the program is a working knowledge of calculus, gained from a normal two?] or three?] semester course sequence or its equivalent. Some familiarity with matrices will also be helpful in the chapters on systems of differential equations.
In Predictable and Avoidable, Dr Pezzuto offers business school students; academics; and industry experts in the fields of finance, risk management, audit, corporate governance, economics, and regulation, a truly independent and unbiased analysis of the financial crises starting in 2007 and one of the first fully considered expositions of the financial, governance and regulatory reforms needed for the future.
Augmented with personal interviews involving selected global thought leaders and industry experts, the author's narrative focuses on the technical issues that led to the global crisis, but also addresses the human, cultural, and ethical aspects of the events from both sociological and managerial perspectives. The book exposes the root causes and contributes significantly to the debate about the change needed in the banking and finance industries and to supervisory frameworks and regulatory mechanisms.
This analysis enables readers to understand that the crisis we have seen was predictable and should have been avoidable, and that a recurrence can be avoided, if lessons are learned and the right action taken.
First edition published by Prentice-Hall in 2001- ISBN 0130174467.
The second edition includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor.
"This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts....
many books claim to require little prior mathematical training, but this one actually does so.
This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory.
The exercises are very good."
--Ian Gow, Student, Graduate School of Business, Stanford UniversityCompletely updated edition of classic textbook that fills a gap between MBA level texts and PHD level textsFocuses on clear explanations of key concepts and requires limited mathematical prerequisitesUpdates includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor
By showing us the true nature of chance and revealing the psychological illusions that cause us to misjudge the world around us, Mlodinow gives us the tools we need to make more informed decisions. From the classroom to the courtroom and from financial markets to supermarkets, Mlodinow's intriguing and illuminating look at how randomness, chance, and probability affect our daily lives will intrigue, awe, and inspire.
From the Trade Paperback edition.
This complete summary of the ideas from Avinash Dixit and Barry Nalebuff's book "The Art of Strategy" shows how game theory can be relevant and applicable to contexts other than academia, as it aids strategic thinking. In their book, the authors explain the basic rules of game theory, breaking down each section into easy-to-understand segments with real-life examples. This summary is a clear guide to using game theory in all areas of your life to help you make strategic decisions.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "The Art of Strategy" and become an expert at using game theory to create the best strategies.
Called the "prisoner's dilemma," it is a disturbing and mind-bending game where two or more people may betray the common good for individual gain. Introduced shortly after the Soviet Union acquired the atomic bomb, the prisoner's dilemma quickly became a popular allegory of the nuclear arms race. Intellectuals such as von Neumann and Bertrand Russell joined military and political leaders in rallying to the "preventive war" movement, which advocated a nuclear first strike against the Soviet Union. Though the Truman administration rejected preventive war the United States entered into an arms race with the Soviets and game theory developed into a controversial tool of public policy—alternately accused of justifying arms races and touted as the only hope of preventing them.
A masterful work of science writing, Prisoner's Dilemma weaves together a biography of the brilliant and tragic von Neumann, a history of pivotal phases of the cold war, and an investigation of game theory's far-reaching influence on public policy today. Most important, Prisoner's Dilemma is the incisive story of a revolutionary idea that has been hailed as a landmark of twentieth-century thought.
Understand a game matrix, the prisoners’ dilemma, dominant and mixed strategies, zero-sum games, Pareto efficiency, the Nash equilibrium, and the power of asymmetric information.
Calculate payoffs and outcomes in games involving characters such as Jack and Jill, or Frodo and Gollum. Look at the effects of altruism and hatred on games, and see how games can change over time.
Explore examples looking at gang members, free riders, global governance, a long-term relationship, competing corporations, advertisers and their customers, along with familiar hawk-dove and chicken games.
See game players use every trick in the book to get what they want, with over 50 images to guide through the steps they use to play the game.
This complete summary of the ideas from Steven Levitt and Stephen Dubner's book "Think Like A Freak" states how economic theories can also be applied to problems in society. This is the concept of Freakonomics. Freakonomics basically means thinking for yourself and acknowledging the facts. Learning to ‘think like a freak’ means you can tackle the difficult problems that other people ignore. According to Levitt and Dubner, there are eight steps to ‘thinking like a freak’, such as putting away your moral compass, admitting what you don't know and thinking like a child. By applying these principles to your own thinking, you will be ready to tackle bigger problems strategically.
Added-value of this summary:
• Save time
• Learn how to ‘think like a freak’
• Tackle the really difficult problems
To learn more, read “Think Like A Freak” and follow the eight steps to start solving real problems!