59 lines
1007 B
Markdown
59 lines
1007 B
Markdown
---
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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
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with the optimal solutions of problematic scenarios.
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## Decision Theory
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Decision theory concerns
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* ~~internal problems~~
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* ~~no competition~~
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* ~~internal optimization~~
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## Game Theory
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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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### Dominant Strategy
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A dominant strategy is one
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that results in the better outcome.
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### "Solved" Games
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<!-- TODO: -->
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### Auction Theory
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Auction theory is a subset of game theory
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<!-- TODO: -->
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#### Reverse Auction
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In a reverse auction,
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bidders compete for the right to _sell_ a product or service.
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#### Sealed-Bid Auction
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Opposite of a conventional "open" auction,
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in a sealed-bid auction,
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bid prices are hidden from the bidders.
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<!-- TODO: -->
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