discussion

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 be played.  We want to use the Froeb rule of look  ahead and reason back.  Can and how does the entrant succeed?  Is the  incumbent ever in control of this game?  Hint, the game is the Duopoly  game explained in the video on this week's page.

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