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What is a Do Nothing Strategy?

 , updated on February 22, 2017
A do nothing strategy is when a strategy planning activity results in a decision to do nothing. In a strategic game such as chess it would often be an advantage to make no move for a turn. Unfortunately, this is against the rules of the game. In real life, doing nothing is often possible and optimal.

Bias for Action

A bias for action is a tendency for people to think of strategy as actions without considering possible inaction.

Example

Investors commonly feel they need to execute trades to make money. For example, a bias for action may drive an investor to buy a stock when they aren't sure it is priced fairly. In many cases, a do nothing strategy may be a superior choice.
Overview: Do Nothing Strategy
Type
Definition (1)
A strategy to do nothing.
Definition (2)
Strategic planning that results in a decision to do nothing.
Definition (3)
The strategic choice to hold your current position without making a change.
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