1007 B
1007 B
id, aliases, tags, title
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Strategy |
Strategy
The field of strategy is concerned with the optimal solutions of problematic scenarios.
Decision Theory
Decision theory concerns
internal problemsno competitioninternal optimization
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.
Dominant Strategy
A dominant strategy is one that results in the better outcome.
"Solved" Games
Auction Theory
Auction theory is a subset of game theory
Reverse Auction
In a reverse auction, bidders compete for the right to sell a product or service.
Sealed-Bid Auction
Opposite of a conventional "open" auction, in a sealed-bid auction, bid prices are hidden from the bidders.