vault backup: 2025-07-08 07:25:20

strategy.md

@@ -2,7 +2,9 @@
 
 The field of strategy is concerned with the optimal solutions of problematic scenarios.
 
-## Decision Theory
+## Disciplines
+
+### Decision Theory
 
 Decision theory concerns
 
@@ -10,14 +12,28 @@ Decision theory concerns
 ~~no competition~~
 ~~internal optimization~~
 
-## Game Theory
+### Game Theory
 
 Game theory concerns decisions made in competition with other intelligent actors.
 
 Predictions of competitor behavior in bids and market movements
 are made with a game-theoretic lens.
 
-### Auction Theory
+#### Auction Theory
 
 Auction theory is a subset of game theory
-that specifically addresses the 
+that specifically addresses the competitive bid format
+typical of construction project award.
+
+## In Construction Contracting
+
+**Executives** inform **Risk Tolerance** 
+**Risk Tolerance** informs **Minimum Estimate Certainty**
+
+### Bid Strategy
+
+Project cost certainty
+
+#### Expected Competition
+
+### Estimation Strategy