{"id":30609,"date":"2024-07-31T22:31:45","date_gmt":"2024-07-31T22:31:45","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/week-6-discussion-game-theory-sequential-games-are-played-in-business-all-the-time\/"},"modified":"2024-07-31T22:31:45","modified_gmt":"2024-07-31T22:31:45","slug":"week-6-discussion-game-theory-sequential-games-are-played-in-business-all-the-time","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/week-6-discussion-game-theory-sequential-games-are-played-in-business-all-the-time\/","title":{"rendered":"Week 6 Discussion &#8211; Game Theory: Sequential Games are Played in Business All the Time"},"content":{"rendered":"<h2 style=\"margin-right: 0px; margin-bottom: 0.75rem; margin-left: 0px; padding: 0.75rem 0px 0px; font-weight: 700; font-size: 1.8em; line-height: 1.5; cursor: auto;\"><span style=\"font-weight: 400; font-size: 1.75rem; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\" aria-hidden=\"true\">Week 6 Discussion &#8211; Game Theory: Sequential Games are Played in Business All the Time<\/span><\/span><\/span><\/h2>\n<div style=\"font-size: 1rem; cursor: auto; color: inherit;\"><span style=\"cursor: auto; color: inherit;\" data-resource-id=\"360229\" data-resource-type=\"discussion_topic.body\"><\/p>\n<h2 style=\"margin: 6px 0px; font-weight: 700; font-size: 1.8em; line-height: 1.5; cursor: auto;\"><strong style=\"font-weight: bold; cursor: auto; color: inherit;\">Preparation<\/strong><\/h2>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\">The following video is about many of Cournot&#8217;s contributions. Pay attention to the demonstration here of the Cournot Duopoly as a Nash equilibrium. The video nicely illustrates this complicated model with pictures\u2014no math! This is exactly the game we play in this week&#8217;s discussion.<\/p>\n<ul style=\"margin-right: 0px; margin-bottom: 6px; margin-left: 25px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\"><a style=\"cursor: auto;\"><span style=\"cursor: auto; color: inherit;\">Cournot<\/span><span style=\"cursor: auto; color: inherit;\"><span style=\"margin: -1px; cursor: auto; color: inherit;\">Links to an external site.<\/span><\/span><\/a>.<\/li>\n<\/ul>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\">Your instructor may also post additional resources to help further explain concepts related to this week&#8217;s discussion.<\/p>\n<h2 style=\"margin: 6px 0px; font-weight: 700; font-size: 1.8em; line-height: 1.5; cursor: auto;\"><strong style=\"font-weight: bold; cursor: auto; color: inherit;\">Context<\/strong><\/h2>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\">In our<span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span><em style=\"cursor: auto; color: inherit;\">Managerial Economics<\/em><span style=\"cursor: auto; color: inherit;\">&nbsp;<\/span>textbook, we consider a sequential-move game in which an entrant is 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 &#8220;look ahead and reason back.&#8221;<\/p>\n<h2 style=\"margin: 6px 0px; font-weight: 700; font-size: 1.8em; line-height: 1.5; cursor: auto;\"><strong style=\"font-weight: bold; cursor: auto; color: inherit;\">Post a Response<\/strong><\/h2>\n<p style=\"margin: 12px 0px; cursor: auto; color: inherit;\">For your discussion post, use Figure 15-1 from the textbook as your starting point to address the following:<\/p>\n<ol style=\"margin-right: 0px; margin-bottom: 6px; margin-left: 25px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">Play and analyze the game. Can, and how does, the entrant succeed? Is the incumbent ever in control of this game? What is the Nash equilibrium?\n<ul style=\"margin-right: 0px; margin-left: 25px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">You may wish to review the old game known as Duopoly, as well as Antoine-Augustin Cournot, to help inform your post.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Week 6 Discussion &#8211; Game Theory: Sequential Games are Played in Business All the Time Preparation The following video is about many of Cournot&#8217;s contributions. Pay attention to the demonstration here of the Cournot Duopoly as a Nash equilibrium. The video nicely illustrates this complicated model with pictures\u2014no math! This is exactly the game we [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[9],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/30609"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=30609"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/30609\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=30609"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=30609"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=30609"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=30609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}