Exploring A New Style Of Game Theory Model Could Help Analyze Monopolies
Primary Source: https://www.businessnewsdaily.com/2405-real-cost-walmart.html Large retail corporations have in the past been accused on exacting a kind of predatory lower pricing by which they intentionally price their goods lower than their competitors when entering a new region, perhaps accruing lower or negative margins for a time, in order to displace local competitors, so that in the […]
The Pandemic and Prisoner’s Dilemma
Main Source: https://www.nytimes.com/2020/12/20/health/virus-vaccine-game-theory.html With the COVID-19 Pandemic about to hit its third-year mark, there have been multiple studies done on what could have happened if different choices were taken. One such study was done by researchers Chris Bauch and Madhur Anand, and they focused their research on the interplay between human behavior and environmental systems. […]