Open Options
Encyclopedia
Open Options Corporation is a privately owned business strategy consulting company that specializes in applied game theory
and business war games
where there are multiple stakeholders who can all influence the final outcome of a particular situation.
Open Options’ original software development was funded by the CIA through a company called Waterloo Engineering Software. The software was designed to help the American government better anticipate the collapse of the Soviet Union into many different breakaway republics. The software was based on academic research by Dr. Niall Fraser from the University of Waterloo
. Dr. Fraser has written several books on game theory including Mathematical Modeling of Resolutions of Conflict and Conflict Analysis: Models and Resolutions.
Open Options uses a type of game theory called Ordinal Non-cooperative Game Theory which is a less well-known sub-section of game theory. However, this approach and proprietary software enables Open Options to analyze millions of possible outcomes.
Game theory
Game theory is a mathematical method for analyzing calculated circumstances, such as in games, where a person’s success is based upon the choices of others...
and business war games
Business War Games
Business war gaming or business wargaming is an adaptation of the art of simulating moves and counter-moves in a commercial setting. Unlike military war games, or fantasy war games which go back hundreds of years to the days of Prussia and H.G...
where there are multiple stakeholders who can all influence the final outcome of a particular situation.
Open Options’ original software development was funded by the CIA through a company called Waterloo Engineering Software. The software was designed to help the American government better anticipate the collapse of the Soviet Union into many different breakaway republics. The software was based on academic research by Dr. Niall Fraser from the University of Waterloo
University of Waterloo
The University of Waterloo is a comprehensive public university in the city of Waterloo, Ontario, Canada. The school was founded in 1957 by Drs. Gerry Hagey and Ira G. Needles, and has since grown to an institution of more than 30,000 students, faculty, and staff...
. Dr. Fraser has written several books on game theory including Mathematical Modeling of Resolutions of Conflict and Conflict Analysis: Models and Resolutions.
Open Options uses a type of game theory called Ordinal Non-cooperative Game Theory which is a less well-known sub-section of game theory. However, this approach and proprietary software enables Open Options to analyze millions of possible outcomes.