Definitions:

1. A strategy or course of action in which one or more parties refrain from direct action until circumstances change in their favor. NOUN
   • The peace talks turned into a political waiting game with no side willing to compromise.
2. A strategy or situation in which someone deliberately delays action, hoping that others will act first or that circumstances will change in their favor. NOUN
   • Both companies are playing a waiting game, hoping the other will lower prices first.

Synonyms:

• delay tactic
• holdout strategy
• standoff
• strategic pause