ECON 431 CSI Using a Credible Commitment Strategy Discussion
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I’m working on a game theory exercise and need guidance to help me learn.
The order of play tends to matter in sequential games where rivals must predict the best reply-responses and counter-responses in order to achieve a desired payoff. Discuss an instance in which you or your firm used game theory and explain why the relationship between the players was a strategic one.
Did the use of a credible threat or commitment affect the outcome? Were there any first-mover of fast-second strategies used?
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