Strategic Interaction in Sports
STRATEGIC INTERACTION IN SPORTS
The following paper deals with strategic interaction involved in penalty kicks in soccer. To clarify the term strategic interaction, the definition is: Strategic interaction occurs when an action displayed by one party are to be taken as meaningful communications by the other. http://www.jstor.org/discover/10.2307/173368?uid=3738736&uid=2&uid=4&sid=21102930403661
This can be explained in the business field as one company being informed about the strategy another competitive company will use, so that they can responed with an even more intelligent strategy.
To further explain the concept of strategic interaction, game theory is required. Therefore one needs to understand the basics of it. Game theory is a tool used to analyze strategic behavior by taking into account how participants expect others to behave. Game theory is used to find the optimal outcome from a set of choices by analyzing the costs and benefits to each independent party as they compete with each other. http://www.investinganswers.com/financial-dictionary/economics/game-theory-2160 This means that game theory looks at the relationship between two or more participants and the interaction between them. Game theory is applied on games of strategy but not on games of chance. Strategic games are referred when two or more participants have to choose one action that will influence the action the opponent participant has to do. The situation that will be described in this paper to explain strategic interaction is the following: During a penalty kick strategic interaction happens between the kicker and the goalkeeper.
The kicker has to decide whether to hit the ball to the left, to the right or to the center. Depending on the decision of the kicker, the goalie will have to decide where to jump. Here the strategic interaction between the players is shown. Because in this situation both participants want the best for their team, which in the case of the kicker is
The following paper deals with strategic interaction involved in penalty kicks in soccer. To clarify the term strategic interaction, the definition is: Strategic interaction occurs when an action displayed by one party are to be taken as meaningful communications by the other. http://www.jstor.org/discover/10.2307/173368?uid=3738736&uid=2&uid=4&sid=21102930403661
This can be explained in the business field as one company being informed about the strategy another competitive company will use, so that they can responed with an even more intelligent strategy.
To further explain the concept of strategic interaction, game theory is required. Therefore one needs to understand the basics of it. Game theory is a tool used to analyze strategic behavior by taking into account how participants expect others to behave. Game theory is used to find the optimal outcome from a set of choices by analyzing the costs and benefits to each independent party as they compete with each other. http://www.investinganswers.com/financial-dictionary/economics/game-theory-2160 This means that game theory looks at the relationship between two or more participants and the interaction between them. Game theory is applied on games of strategy but not on games of chance. Strategic games are referred when two or more participants have to choose one action that will influence the action the opponent participant has to do. The situation that will be described in this paper to explain strategic interaction is the following: During a penalty kick strategic interaction happens between the kicker and the goalkeeper.
The kicker has to decide whether to hit the ball to the left, to the right or to the center. Depending on the decision of the kicker, the goalie will have to decide where to jump. Here the strategic interaction between the players is shown. Because in this situation both participants want the best for their team, which in the case of the kicker is