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Strategic move

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Astrategic move ingame theory is an action taken by a player outside the defined actions of the game in order to gain a strategic advantage and increase one's payoff. Strategic moves can either beunconditional moves orresponse rules. The key characteristics of a strategic move are that it involves acommitment from the player, meaning the player can only restrict their own choices and that the commitment has to becredible, meaning that once employed it must be in the interest of the player to follow through with the move. Credible moves should also be observable to the other players.[1][2]

Strategic moves arenotwarnings orassurances. Warnings and assurances are merely statements of a player's interest, rather than an actualcommitment from the player.

The term was coined byThomas Schelling in his 1960 book,The Strategy of Conflict, and has gained wide currency inpolitical science andindustrial organization.[3]

References

[edit]
  1. ^Jahan, Sarwat; Mahmud, Ahmed Saber (2015-12-01)."Back to Basics: Strategic Thinking - Game theory analyzes behavior when decisions must take into account the potential actions of opponents".Finance & Development.52 (4).
  2. ^Gintis, Herbert; Gintis, Professor Emeritus of Economics University of Massachusetts and Adjunct Professor Department of Politics Herbert (2000).Game Theory Evolving: A Problem-centered Introduction to Modeling Strategic Behavior. Princeton University Press.ISBN 978-0-691-00943-8.
  3. ^Schelling, Thomas C. (2015-11-06).The Strategy Of Conflict. Pickle Partners Publishing.ISBN 978-1-78625-216-6.
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