{"id":60583,"date":"2016-11-09T16:53:18","date_gmt":"2016-11-09T22:53:18","guid":{"rendered":"http:\/\/www.artofmanliness.com\/?p=60583"},"modified":"2025-12-21T20:40:42","modified_gmt":"2025-12-22T02:40:42","slug":"podcast-250-art-strategy","status":"publish","type":"post","link":"https:\/\/beta.artofmanliness.com\/podcast\/podcast-250-art-strategy\/","title":{"rendered":"Podcast #250: The Art of Strategy"},"content":{"rendered":"<div class=\"art19-web-player awp-medium awp-theme-dark-blue\" data-episode-id=\"7da0b249-1c28-408b-91ca-e26a0a152eff\">&nbsp;<\/div>\n<p>Whether you\u2019re a businessman, a statesman, a general, or a parent, you\u2019re strategizing on a daily basis. So how do you do it better?<\/p>\n<p>My guest today&nbsp;will provide some insights. His name is Barry Nalebuff. He\u2019s a game theory expert and the author of&nbsp;<a href=\"https:\/\/www.amazon.com\/gp\/product\/0393337170\/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0393337170&amp;linkCode=as2&amp;tag=stucosuccess&amp;linkId=FSXA3GZUT5SFDAZ4\"><i>The Art of Strategy: A Game Theorist&#8217;s Guide to Success in Business and Life<\/i><\/a>. 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\u2019s 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&nbsp;how you can use game theory against yourself to lose weight or even quit smoking.<\/p>\n<h3>Show Highlights<\/h3>\n<ul>\n<li>What strategy is, and why even the average Joe&nbsp;needs to understand game theory<\/li>\n<li>How strategy isn&#8217;t just about competition, but cooperation<\/li>\n<li>A brief history of game theory<\/li>\n<li>The different domains one must call upon to take part in game theory<\/li>\n<li>How you know you&#8217;re in a strategic game (and how Obamacare is a practice in game theory)<\/li>\n<li>The difference between sequential and simultaneous games and how to strategize for both<\/li>\n<li>How game theory can help football coaches determine whether to go for a 2-point conversion<\/li>\n<li>How to avoid prisoner&#8217;s dilemmas in your life<\/li>\n<li>How to avoid the Tragedy of the Commons<\/li>\n<li>How to change the game when the game you&#8217;re in isn&#8217;t working out for you<\/li>\n<li>Why you should avoid tit-for-tat strategies<\/li>\n<li>How scam artists use game theory to con people<\/li>\n<li>What is the Nash Equilibrium?<\/li>\n<li>When and how to inject randomness into your strategy<\/li>\n<li>How to use game theory against yourself for improvement<\/li>\n<li>How to use game theory to discipline your kids<\/li>\n<li>And much more!<\/li>\n<\/ul>\n<h3>Resources\/Studies\/People Mentioned in Podcast<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.amazon.com\/dp\/B00LZYHSFA\/ref=as_li_ss_tl?_encoding=UTF8&amp;btkr=1&amp;linkCode=sl1&amp;tag=artofmanliness03-20&amp;linkId=51485aa726650b2c17bbca06f40b164f\"><em>The Odyssey<\/em><\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/dp\/B004JHYREU\/ref=as_li_ss_tl?_encoding=UTF8&amp;btkr=1&amp;linkCode=sl1&amp;tag=artofmanliness03-20&amp;linkId=31514116445cdd3d09db14f6c1b1eb24\"><em>Co-opetition<\/em><\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Beautiful-Mind-Russell-Crowe\/dp\/B00ENYKLIK\/ref=as_li_ss_tl?ie=UTF8&amp;qid=1478633554&amp;sr=8-1&amp;keywords=a+beautiful+mind&amp;linkCode=sl1&amp;tag=artofmanliness03-20&amp;linkId=414691003c6b5e5a14ea5794727cd082\"><em>A Beautiful Mind<\/em><\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Game_theory\">Game theory<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/John_Forbes_Nash_Jr.\">John Nash<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/John_von_Neumann\">John von Neumann<\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/podcast-214-how-to-have-a-good-day-every-day\/\">My podcast with Caroline Webb about how behavioral science can improve your life<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/The_Market_for_Lemons\">The Market for Lemons<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Sequential_game\">Sequential game<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Simultaneous_game\">Simultaneous game<\/a><\/li>\n<li><a href=\"http:\/\/www.cse.cuhk.edu.hk\/~cslui\/CSC6480\/simple_decision_processes.pdf\">Decision trees<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Prisoner%27s_dilemma\">The Prisoner&#8217;s Dilemma<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Golden_Balls\"><em>Golden Balls<\/em><\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Tragedy_of_the_commons\">The Tragedy of the Commons<\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/beware-the-tit-for-tat-trap\/\">The Tit for Tat Trap<\/a><\/li>\n<li><a href=\"https:\/\/www.artofmanliness.com\/articles\/podcast-169-the-psychology-of-scam-artists-how-not-to-get-duped\/\">My podcast with Maria Konnikova about con artists<\/a><\/li>\n<li><a href=\"https:\/\/www.stickk.com\/\">Stickk<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/dp\/B002AMVBHC\/ref=as_li_ss_tl?_encoding=UTF8&amp;btkr=1&amp;linkCode=sl1&amp;tag=artofmanliness03-20&amp;linkId=bc7a38b0cade8031cb56ab0308534955\"><em>Parentonomics<\/em><\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.amazon.com\/gp\/product\/0393337170\/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0393337170&amp;linkCode=as2&amp;tag=stucosuccess&amp;linkId=FSXA3GZUT5SFDAZ4\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-60584 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/art-of-strategy.jpg\" alt=\"The Art of Strategy by Avinash Dixit, book cover.\" width=\"334\" height=\"500\" srcset=\"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/art-of-strategy.jpg 334w, https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/art-of-strategy-320x479.jpg 320w\" sizes=\"auto, (max-width: 334px) 100vw, 334px\" \/><\/a><\/p>\n<p>If you want to become a better strategist in life or simply want to understand the basics of game theory, pick up a copy of Barry&#8217;s book&nbsp;<em><a href=\"https:\/\/www.amazon.com\/gp\/product\/0393337170\/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0393337170&amp;linkCode=as2&amp;tag=stucosuccess&amp;linkId=FSXA3GZUT5SFDAZ4\">The Art of Strategy<\/a>. <\/em>Also, check out his personal site for more information about his work.<\/p>\n<h3>Listen to the Podcast! (And don\u2019t forget to leave us a review!)<\/h3>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-art-of-manliness\/id332516054?mt=2\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49206 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2015\/07\/available-on-itunes.png\" alt=\"Available on itunes.\" width=\"250\" height=\"92\" data-pin-nopin=\"true\"\/><\/a><\/p>\n<p><a href=\"https:\/\/www.stitcher.com\/show\/the-art-of-manliness\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49207 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2015\/07\/available-on-stitcher.png\" alt=\"Available on stitcher.\" width=\"250\" height=\"92\" data-pin-nopin=\"true\"\/><\/a><\/p>\n<p><a href=\"https:\/\/soundcloud.com\/artofmanliness\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49208 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2015\/07\/soundcloud-logo.png\" alt=\"Soundcloud logo.\" width=\"250\" height=\"127\"\/><\/a><\/p>\n<p><a href=\"https:\/\/pcasts.in:443\/NwCI\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49655\" src=\"https:\/\/content.artofmanliness.com\/uploads\/\/2015\/08\/pocketcasts.png\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" srcset=\"\" alt=\"Pocketcasts.\" width=\"225\" height=\"225\"\/><\/a><\/p>\n<p><a href=\"https:\/\/play.google.com\/music\/managemusic?t=The_Art_of_Manliness\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-56926 size-full\" src=\"https:\/\/content.artofmanliness.com\/uploads\/2016\/05\/google-play-podcast-e1464287132541.png\" alt=\"Google play podcast.\" width=\"250\" height=\"190\"\/><\/a><\/p>\n<p><a href=\"https:\/\/art19.com\/shows\/the-art-of-manliness\/episodes\/7da0b249-1c28-408b-91ca-e26a0a152eff\">Listen to the episode on a separate page.<\/a><\/p>\n<p><a href=\"https:\/\/rss.art19.com\/episodes\/7da0b249-1c28-408b-91ca-e26a0a152eff.mp3\">Download this episode.<\/a><\/p>\n<p><a class=\"hs-rss-link\" href=\"https:\/\/www.omnycontent.com\/d\/playlist\/aaea4e69-af51-495e-afc9-a9760146922b\/6081eee7-c459-4e12-a1ab-aadc000fc4a7\/413a6904-4d72-4be8-9421-aadc000fc4ba\/podcast.rss\">Subscribe to the podcast in the media player of your choice.<\/a><\/p>\n<h3>Podcast Sponsors<\/h3>\n<p><strong><a href=\"https:\/\/huckberry.com\/store\/shop\/art-of-manliness-shop?utm_source=artofmanliness&amp;utm_medium=affiliate\" target=\"_blank\" rel=\"external noopener noreferrer\">Huckberry<\/a>.&nbsp;<\/strong>Huckberry has everything a guy could want. Get 20% off your first order by using code HELLOAOM at checkout.<\/p>\n<p><strong><a href=\"https:\/\/www.indochino.com\/something-doesnt-fit?url=Lz8=&amp;uuid=839e9fb0-e51b-11ea-9657-9bdcf0941839&amp;vid=\" target=\"_blank\" rel=\"external noopener noreferrer\">Indochino<\/a><\/strong> offers custom, made-to-measure suits at an affordable price. They\u2019re offering&nbsp;<strong>any premium<\/strong> suit for just $399. That\u2019s up to 50% off. To claim your discount go to&nbsp;<a href=\"https:\/\/www.indochino.com\/something-doesnt-fit?url=Lz8=&amp;uuid=839e9fb0-e51b-11ea-9657-9bdcf0941839&amp;vid=\" target=\"_blank\" rel=\"external noopener noreferrer\">Indochino.com<\/a> and enter discount code <strong>MANLINESS<\/strong> at checkout. Plus, shipping is FREE.<\/p>\n<p><strong><a href=\"https:\/\/www.ziprecruiter.com\/browserupdate\" target=\"_blank\" rel=\"external noopener noreferrer\">ZipRecruiter<\/a>.<\/strong>&nbsp;Find the best job candidates by posting your job on over 100+ of the top job recruitment sites with just a click at ZipRecruiter. Do it free by visiting <a href=\"https:\/\/www.ziprecruiter.com\/browserupdate\" target=\"_blank\" rel=\"external noopener noreferrer\">ZipRecruiter.com\/manliness<\/a><\/p>\n<p>And thanks to <strong><a href=\"https:\/\/creativeaudiolab.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\">Creative Audio Lab<\/a><\/strong> in Tulsa, OK for editing our podcast!<\/p>\n<h3>Read the Transcript<\/h3>\n<p>Coming soon!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Whether you\u2019re a businessman, a statesman, a general, or a parent, you\u2019re strategizing on a daily basis. So how do you do it better? My guest today&nbsp;will provide some insights. His name is Barry Nalebuff. He\u2019s a game theory expert and the author of&nbsp;The Art of Strategy: A Game Theorist&#8217;s Guide to Success in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":60585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[502,156,42269],"tags":[],"yst_prominent_words":[],"class_list":["post-60583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-character","category-podcast","category-self-improvement"],"featured_image_urls":{"reactor-320":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.11.53-PM-320x167.png","aesop-tiny-cover":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.11.53-PM-400x208.png","aesop-character":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.11.53-PM-200x200.png","aesop-collection":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.11.53-PM-300x280.png","aesop-grid-image":"https:\/\/content.artofmanliness.com\/uploads\/2016\/11\/Screen-Shot-2016-11-07-at-2.11.53-PM-400x208.png"},"_links":{"self":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts\/60583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/comments?post=60583"}],"version-history":[{"count":44,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts\/60583\/revisions"}],"predecessor-version":[{"id":191999,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/posts\/60583\/revisions\/191999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/media\/60585"}],"wp:attachment":[{"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/media?parent=60583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/categories?post=60583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/tags?post=60583"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/beta.artofmanliness.com\/app-json\/wp\/v2\/yst_prominent_words?post=60583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}