Strategic move

Strategic move

A strategic move in game 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. The key characteristics of a strategic move are that it involves a "commitment" from the player, meaning the player can only restrict her own choices, and that the commitment has to be "credible", meaning that once employed it must be in the interest of the player to follow through with the move. The term was coined by Thomas Schelling in his 1960 book, "The Strategy of Conflict", and has gained wide currency in political science and industrial organization.

References

*Thomas Schelling: "The Strategy of Conflict", Harvard University press (1960). ISBN 0674840313
*Avinash Dixit & Barry Nalebuff: "Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life", W.W. Norton (1991) ISBN 0393310353


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • strategic — stra‧te‧gic [strəˈtiːdʒɪk] adjective done as part of a plan to gain an advantage or achieve a particular purpose: • There may be strategic advantages in manufacturers remaining separate from retailers. • We need to define our strategic goals. •… …   Financial and business terms

  • strategic — strategically, adv. /streuh tee jik/, adj. 1. pertaining to, characterized by, or of the nature of strategy: strategic movements. 2. important in or essential to strategy. 3. (of an action, as a military operation or a move in a game) forming an… …   Universalium

  • strategic — stra•te•gic [[t]strəˈti dʒɪk[/t]] also stra•te′gi•cal adj. 1) pertaining to or marked by strategy: strategic maneuvers[/ex] 2) important in or essential to strategy 3) forming an integral part of a stratagem: a strategic move in chess[/ex] 4) mil …   From formal English to slang

  • Strategic Conquest — is a two player turn based strategy game for the Apple II and Apple Macintosh, similar to Empire. It was published by PBI Software and the Macintosh version was continued by Delta Tao Software [cite web |url = http://www.deltatao.com/stratcon |… …   Wikipedia

  • Strategic Sustainable Investing — (SSI) is an investment strategy that recognizes and rewards leading companies that are moving society towards sustainability. SSI relies on a consensus based scientific definition of sustainability, and the assumption that ‘ Backcasting from… …   Wikipedia

  • move — [muːv] verb [intransitive, transitive] 1. informal if a product moves, or if a shop, dealer etc moves it, it sells very quickly: • These computer games are moving very fast. The kids love them. • The company isn t moving enough product. 2. to… …   Financial and business terms

  • Move (company) — Move,Inc. Type Public Industry Internet services Founded 1996 Headquarters Campbell, California …   Wikipedia

  • strategic lawsuits against public participation — Retaliatory lawsuits intended to silence, intimidate, or punish those who have used public forums to speak, petition, or otherwise move for government action on an issue. Dictionary from West s Encyclopedia of American Law. 2005. strategic… …   Law dictionary

  • Strategic depth — is a term in military literature that refers, broadly speaking, to the distances between the front lines or battle sectors and the combatants’ industrial core areas, capital cities, heartlands, and other key centers of population or military… …   Wikipedia

  • strategic inflection point — UK US noun [C] (ABBREVIATION SIP) MANAGEMENT ► a particular time when a business decides it needs to make important changes such as move into a new market or work in a different way in order to stay competitive: »Strategic inflection points… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”