Game theory worked example from A P Microeconomics

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Game theory worked example from A P Microeconomics

[hobknockers]

Great examples applying pricing as payoffs! My game theory course don’t apply prices, as they usually use examples to acknowledge the fundamentals in payoff differences and combinations.

[ethsch]

how does it feels being the goat and saving me before an exam?

[menghoungtheng]

well explain with good example for me to understand game theory. thank you <3

[bighneshdashmohapatra]

Nice way to analyse & interpreate, Thanks.

[hobknockers]

Question 2.
You can also think of dominant strategies as: for player 2(quicklunch) strategy H is dominated by strategy L. For player 1 (BB) strategy H is dominated by strategy L.

[raymorulane]

Great explanations, really helped. Thanks

[rblxtutorials]

“Game Theory” the channel that makes theories

[tasinmollah]

Can you please Explain Strain proportional to stress, Young's constant, strain, stress, elongated length, initial length, tension, piston's maths, Young's modulus, buoyant force, magnitism and electromagnetism, how electric motor work, Boyles law, density and pressure, pressure

[echo-channel]

What about the payoff to the government official?

[rickkrockstar]

The only thing I hate about microeconomics is, those damned numbers are so small.

[Orto]

please
solve it Vedios .Word Problem/Case:
There are two firms, firm I and firm II, each examining the feasibility of a particular market. Each has to decide to produce and sell either chocolate or chewing gum. If both firms choose to produce and sell chocolate, the firms will incur losses amounting to 180 million and 200 million Birr, respectively. If firm I decide to produce and sell chocolate while firm II chooses to produce and sell chewing gum, their returns will be 120 million and 220 million Birr profits, respectively. However, if both of them decide to produce and sell chewing gum, they will incur losses of 160 million and 200 million Birr, respectively. And finally, if firm I produce and sells chewing gum while firm II produces and sells chocolate, their profits will be 160 million and 180 million Birr, respectively. Based on this information, answer the following questions.
A. Write the payoff of matrix for this game.
B. Does firm I have a dominant strategy? What about firm II?
C. What is the pure strategy Nash equilibrium of the game if the firms decide their strategy simultaneously?

[muhamadkurdii]

a regular squre pyramid has a slant height of 25m and lateral area of 350m which of these closet to the volume of the pyramid

[WitheredFreddo]

Did anybody else think it was Game Theroy

[enriquerivera]

Did anyone else come here through a link on the 7/11 app lol

[mesikamoto]

Good exercise but useless in real life. You can never now what profits your competitor is earning on specific product. At best you could compare shelf prices and make rough assumptions. Also its not a single product, usually there are range of products and product families involved. Demand for products also varies. You could never fill this matrix with correct data.

[yessirski]

4.7 million subs, 1k views. Alright, this is officialy the most dead channel I have EVER seen.