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Top 10 Avinash K. Dixit Quotes (2024 Update)

Avinash K. Dixit Quote: “It may not be enough to play a game well – you must also be sure you are playing the right game.”

1. “It may not be enough to play a game well – you must also be sure you are playing the right game.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “You might think that having more options is always a good thing. But thinking strategically, you can often do better by cutting off options.”

2. “You might think that having more options is always a good thing. But thinking strategically, you can often do better by cutting off options.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “A Nash equilibrium is a combination of two conditions: i. Each player is choosing a best response to what he believes the other players will do in the game. ii. Each player’s beliefs are correct. The other players are doing just what everyone else thinks they are doing.”

3. “A Nash equilibrium is a combination of two conditions: i. Each player is choosing a best response to what he believes the other players will do in the game. ii. Each player’s beliefs are correct. The other players are doing just what everyone else thinks they are doing.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “The wisdom of taking risks early applies to most aspects of life, whether it be career choices, investments, or dating.”

4. “The wisdom of taking risks early applies to most aspects of life, whether it be career choices, investments, or dating.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “RULE 1: Look forward and reason backward.”

5. “RULE 1: Look forward and reason backward.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “The key lesson of game theory is to put yourself in the other player’s shoes.”

6. “The key lesson of game theory is to put yourself in the other player’s shoes.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “That brings us to one last point. You may be thinking you are playing one game, but it is only part of a larger game. There is always a larger game.”

7. “That brings us to one last point. You may be thinking you are playing one game, but it is only part of a larger game. There is always a larger game.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “You should make game theory your friend, and not a bugbear, in your strategic thinking.”

8. “You should make game theory your friend, and not a bugbear, in your strategic thinking.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “Axelrod argues that tit for tat embodies four principles that should be present in any effective strategy for the repeated prisoners’ dilemma: clarity, niceness, provocability, and forgivingness.”

9. “Axelrod argues that tit for tat embodies four principles that should be present in any effective strategy for the repeated prisoners’ dilemma: clarity, niceness, provocability, and forgivingness.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “The name given by game theorists for this property is dominant strategy. A player is said to have a dominant strategy if that same strategy is better for him than all of his other available strategies no matter what strategy or strategy combination the other player or players choose.”

10. “The name given by game theorists for this property is dominant strategy. A player is said to have a dominant strategy if that same strategy is better for him than all of his other available strategies no matter what strategy or strategy combination the other player or players choose.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “Your opponent can observe and exploit any systematic pattern almost as easily as he can exploit an unchanging repetition of a single strategy. It is unpredictability that is important when mixing.”

11. “Your opponent can observe and exploit any systematic pattern almost as easily as he can exploit an unchanging repetition of a single strategy. It is unpredictability that is important when mixing.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “An easy way to check whether randomness is needed is to ask whether there is any harm in letting the other player find out your actual choice before he responds. When this would be disadvantageous to you, there is advantage in randomness that keeps the other guessing.”

12. “An easy way to check whether randomness is needed is to ask whether there is any harm in letting the other player find out your actual choice before he responds. When this would be disadvantageous to you, there is advantage in randomness that keeps the other guessing.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “We believe that the more important lesson from the experimental research is that people bring many considerations and preferences into their choices besides their own rewards. This takes us beyond the scope of conventional economic theory. Game theorists should include in their analysis of games the players’ concerns for fairness or altruism. “Behavioral game theory extends rationality rather than abandoning it.”10.”

13. “We believe that the more important lesson from the experimental research is that people bring many considerations and preferences into their choices besides their own rewards. This takes us beyond the scope of conventional economic theory. Game theorists should include in their analysis of games the players’ concerns for fairness or altruism. “Behavioral game theory extends rationality rather than abandoning it.”10.”

— Avinash K. Dixit

Avinash K. Dixit Quote: “Because threats and promises indicate that you will act against your own interest, their credibility becomes the key issue. After.”

14. “Because threats and promises indicate that you will act against your own interest, their credibility becomes the key issue. After.”

— Avinash K. Dixit

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