Game theory | ECO 550 Managerial Economics and Globalization | Strayer University
Game Theory-Sequential Games are Played in Business All the Time. So what is Game Theory and how do businesses uses games? Here is some help from Dr C. https://cdnapisec.kaltura.com/index.php/extwidget/preview/partner_id/956951/uiconf_id/38285871/entry_id/1_x4lxfbpw/embed/dynamic In the text, we consider a sequential-move game in which an entrant was considering entering an industry in competition with an incumbent firm (See Figure 15-1). There are several possibilities of how this sequential game will […]