The general or specific approach to investing that an individual, institution, or fund manager employs.
The principles guiding investment practices. A strategy may be simple, such as buy low, sell high, or complex, like many option strategies. The basic aim of any strategy is to make money, but each takes a different (sometimes very different) approach to achieve this goal.
He shows that an efficient design startegy is the one that decides the number of alternative choices endogenously by varying the amount of information and letting the respondents decide the level of information they need to come up with their best responses.