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id:
aliases: []
tags:
- destiny/permanent
- status/incomplete
- topic/risk
- type/encyclopedia
title: Strategy
---
# Strategy
The field of strategy is concerned with the optimal solutions of problematic scenarios.
The field of strategy is concerned
with the optimal solutions of problematic scenarios.
## Decision Theory
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## Game Theory
Game theory concerns decisions made in competition with other intelligent actors.
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.
@@ -29,16 +34,3 @@ are made with a game-theoretic lens.
Auction theory is a subset of game theory
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