Description
As I have mentioned in the announcement that this week you will be studying strategic decision making using the game theory. Do you think a firm can unilaterally decide on its price and make profit or is it always strategic based on what others are doing? Please watch the movie A Beautiful Mind just as a tribute to the person who was behind the idea of game theory, a path breaking work in the field of Economics.
Let’s review the topic through the following video lectures:
Princess Bride: https://www.youtube.com/watch?v=U_eZmEiyTo0&feature=youtu.be
The Informant: https://www.youtube.com/watch?v=uAS_k95ZRUk
Life of Brian: https://www.youtube.com/watch?v=3n3LL338aGA