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Results tagged with game-theory
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user 47478
Game theory is a study of situations of strategic interaction between two or more players in which there is a predefined set of rules and an outcome associated with each choice taken.
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Bertrand Duopoly game
Consider the Bertrand’s Duopoly game with demand D(p) = α − p. Assume that each firm is restricted to choose a price is an integer. Also, assume that each firm has a constant marginal cost c is an int …
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