Question

What is a "strategic move"?

A strategic move is

1)the outcome of a game in which each player is doing the best it can regardless of what its competitors are doing

2)a commitment to reduce one's options

3)an action that obeys the rules of the game

4)a strategy that is optimal no matter what an opponent does.

5)a value associated with a possible outcome

I am looking for the reasoning along with the answer. Please, it is very important for me to understand the concepts.

Answer 1

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. Strategic moves can either be unconditional moves or response rules. 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. Credible moves should also be observable to the other players.

Answer-a