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.
Famous quotes containing the word open:
“Who shall forbid a wise skepticism, seeing that there is no practical question on which any thing more than an approximate solution can be had? Is not marriage an open question, when it is alleged, from the beginning of the world, that such as are in the institution wish to get out, and such as are out wish to get in?”
—Ralph Waldo Emerson (1803–1882)