In late April, oil prices dropped to a historic low: -$37 (negative $37!) per barrel, on the May futures contract. The short video clip below […]
Game theory
Game theory
Incorporate the concepts of game theory to international trade and tariffs. Set up two payoff matrices. Set up the first payoff matrix such that the outcome will be harmful […]
Game theory
The market leader BestGames is releasing its new game for Christmas. Worried about the competition, both Game4U and All4Games decide to commercialise their games in October or March. They face […]