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


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