vault backup: 2025-10-10 14:37:17
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id:
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aliases: []
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tags:
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- destiny/permanent
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- status/incomplete
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- topic/risk
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- type/encyclopedia
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title: Strategy
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---
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# Strategy
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The field of strategy is concerned with the optimal solutions of problematic scenarios.
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The field of strategy is concerned
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with the optimal solutions of problematic scenarios.
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## Decision Theory
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## Game Theory
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Game theory concerns decisions made in competition with other intelligent actors.
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Game theory concerns decisions
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made in competition with other intelligent actors.
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Predictions of competitor behavior in bids and market movements
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are made with a game-theoretic lens.
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@@ -29,16 +34,3 @@ are made with a game-theoretic lens.
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Auction theory is a subset of game theory
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that specifically addresses the competitive bid format
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typical of construction project award.
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## In Construction Contracting
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**Executives** inform **Risk Tolerance**,
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**Risk Tolerance** informs **Minimum Estimate Certainty**
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### Bid Strategy
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Project cost certainty
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#### Expected Competition
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### Estimation Strategy
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