60 lines
1.0 KiB
Markdown
60 lines
1.0 KiB
Markdown
---
|
|
id:
|
|
aliases: []
|
|
tags:
|
|
- destiny/permanent
|
|
- status/incomplete
|
|
- topic/risk
|
|
- type/encyclopedia
|
|
- authorship/original
|
|
title: Strategy
|
|
---
|
|
# Strategy
|
|
|
|
The field of strategy is concerned
|
|
with the optimal solutions of problematic scenarios.
|
|
|
|
## Decision Theory
|
|
|
|
Decision theory concerns
|
|
|
|
* ~~internal problems~~
|
|
* ~~no competition~~
|
|
* ~~internal 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
|
|
|
|
<!-- TODO: -->
|
|
|
|
### Auction Theory
|
|
|
|
Auction theory is a subset of game theory
|
|
|
|
<!-- TODO: -->
|
|
|
|
#### 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.
|
|
|
|
<!-- TODO: -->
|