Strict Dominance Strategy
Strict Dominance is a game theory strategy used to analyze how a decision maker should act in situations of conflict. It is a fundamental solution concept in game theory and is based on the idea that one of the parties involved can make decisions that eliminate any rational alternatives the other player may possess. By using this strategy, the decision maker can maximize their own chances for profit or gain and minimize the chances for the opposition to retain a competitive or advantageous position.
The first step of strict dominance is recognition of the conflict situation. This can be as simple as recognizing “my opponent is trying to gain a better position than me”, or as complex as recognizing underlying factors that have caused the conflict. For example, understanding why the conflict exists between two countries, or why one business is trying to overtake another in the marketplace.
Once the conflict has been identified, the decision maker has to decide what the best course of action is in order to achieve their goals and objectives. This decision can be rooted in previous strategies and decisions, or it can be based on something new which the decision maker believes will bring the most success. Generally, the decision must be in line with the needs, desires and interests of the decision maker and their long-term plans.
The decision made should also be based on a thorough and comprehensive analysis of the conflict situation. This should consider the resources available, as well as the possible available strategies and/or tactics. It is also important to consider the other party’s potential responses and the impact these may have on the situation and the decision maker’s goals.
Once the decision has been reached, the decision maker should take the most advantageous and aggressive approach to enforce their desired outcome. By using strict dominance, the decision maker can eliminate any other possibilities the opposition may have, thus creating an environment of stability, predictability and expected results.
The effectiveness of strict dominance is dependent on the decision maker maintaining a dominant and superior position throughout the conflict resolution process. If his or her position becomes weakened during the process, it can lead to the opposition being able to regain and even improve upon their original negotiating position.
Strict dominance is a powerful game theory strategy and can be a very effective and efficient way of dealing with conflicts. It works best when the decision maker has a firm understanding and patience for the conflict resolution process and has clear and achievable goals. Furthermore, dealing with conflicts in this manner can present many advantages to the decision maker, including the ability to gain quicker and more favorable outcomes, as well as increased production and efficiency.
