Users input their "moves" (e.g., Increase Ad Spend, Lower Price) and their competitor's likely moves. The system automatically calculates potential profits or losses for each combination.
"What if the competitor ignores profit and just tries to take market share at any cost?" 4. Sequential Move Tree (Extensive Form) Game Theory and Business Applications
Helping a startup decide whether to match a giant competitor's discount. 2. Nash Equilibrium Finder Users input their "moves" (e
Implementing a would bridge the gap between abstract Game Theory and daily business operations. Users input their "moves" (e.g.
For businesses that don't move at the same time (e.g., bidding on a contract), the feature generates a decision tree.
The tool identifies the "steady state" where no player has an incentive to deviate from their strategy.