7-1 Discussion: Oligopoly Models (Chapter 9 & 10 Reading)
Think of a strategy pursued by the company you work for, another company, or even a sports team.
How can game theory help improve the outcomes for the decision makers?
Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable.
Are there incentives for collusion?
Should a random strategy be used?
What differences in outcomes might you expect if the decision maker uses game theory when developing strategies?
Make sure to ask your peers engaging questions and extend the conversation. Give specific real-world examples in your post.
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