i literally came from ur dominant strategy video i understood it so well and when i saw u had a nash equilibrium video after trying to understand it for an hour i sighed in relief bro
can you work o this please Firms A and B serve the same market. They have constant average costs of GHS2. per unit. The firms can choose either a high price (GHS10) or a low price (GHS5) for their output. When both firms set a high price, total demand = 10,000 units which is split evenly between the two firms. When both set a low price, total demand is 18,000, which is again split evenly. If one firm sets a low price and the second a high price, the low-priced firm sells 15,000 units, the high-priced firm only 2,000 units. a. Analyse the pricing decisions of the two firm as a non-cooperative game: i. In the normal from representation, construct the pay-off matrix, where the elements of each cell of the matrix are the two firm profits. ii. Derive the equilibrium set of strategies. iii. Explain why this is an example of the prisoners' dilemma game. b. Analyse the pricing decisions of the two firms as a co-operative game: i. Is the {low, low} outcome a Nash equilibrium if both players play a grim strategy and have a discount factor of 0.65? ii. How may history affect the behaviour of the pricing strategy of the firms in this game?
Omggggggg finally i study all day but not understand but watching you 5 minutes i understand!!!
i literally came from ur dominant strategy video i understood it so well and when i saw u had a nash equilibrium video after trying to understand it for an hour i sighed in relief bro
Thank you!!! I have an exam tomorrow and you’ve made this concept so much easier to understand!
Update: I aced the exam !!! Thank you thank you!
He made it simple and easy to follow. Thank you!
Thanks alot...was struggling to understand game theory and you've made it quite easy. Won't forget this
You've just saved my life! Best wishes from Turkey, Istanbul 🧡
You single-handedly just saved my econ exam grade 🙏🏼
Thank you for this, I have a test tomorrow about this and market structures and your videos have helped me tremendously!
Thanks a lot ,i was having difficulties understanding the Nash equilibrium,your explanation is so clear,thumbs up!
I was having trouble understanding this theory, till I came across this video. Thanks!
Mich Poa Same.
That was great, thank you for making this video!
skip to 6:25 to find Nash equilibrium
You explain it so much better than my microeconomics professor!
Glad to help!
Thank you. Now I get it.
You explained so much better than my professor.
Awesome!
Man, your explanation is above and beyond! I am now able to solve any Nash equilibrium problem with the payoff matrix with ease!
Thankyou so much for this brilliant lecture I saw many videos but the way of your teaching is outstanding and now I understand.
Awesome!!
Thank you soooo much 😭😭😭😭you made this lesson easier ❤️❤️❤️❤️❤️
Thank you for making this easy :)
The neverending struggle of Pepsi v. Coke
Oh, there's no struggle
Thank you so much! You explained this very well.
Awesome, glad to help!
Thank you for this video, explained even better than Khan academy.
Thanks for the video. You are really awesome.
thank you so much ... I really understand it now!.. I am from Malaysia!!
Awesome! Glad to help!
Thanks very much, as this tutorial video will help me greatly in my upcoming exam.
Thank you sir!! You explained very well❤️🇮🇳🌼
Wow. So good. Thank you!
Good work!
THANKYOUUUUU SO MUCCCHHHHHH!!! u give me the right concept that ive been searching for
You saved me for my exam!
Thank You man I've got my finals next week and you saved my 5 marks haha
thank so much. You saved me from my midterm. yayy
NYC presentation sir thanks
I know I’m a bit late but… will there be no nash equilibrium of both players have no dominant strategy?
I wonder why my lecturer cannot do that explanation T.T it's perfectly clear
Same here
You are thus assuming that to determine the Nash equilibrium, both players have knowledge of the payoff matrix prior to making decisions?
kudos ! crystal clear explanation.
Mrs. Cruz sent me to this video! I had no idea you taught Econ!
thank you for your sharing
THANK YOU SO MUCH OMG
thank you for this valuable lecture.SALUTE TO U
can you work o this please
Firms A and B serve the same market. They have constant average costs of GHS2.
per unit. The firms can choose either a high price (GHS10) or a low price (GHS5) for their output. When both firms set a high price, total demand = 10,000 units which is split evenly between the two firms. When both set a low price, total demand is 18,000, which is again split evenly. If one firm sets a low price and the second a high price, the low-priced firm sells 15,000 units, the high-priced firm only 2,000 units.
a. Analyse the pricing decisions of the two firm as a non-cooperative game:
i. In the normal from representation, construct the pay-off matrix, where the elements of each cell of the matrix are the two firm profits.
ii. Derive the equilibrium set of strategies.
iii. Explain why this is an example of the prisoners' dilemma game.
b. Analyse the pricing decisions of the two firms as a co-operative game:
i. Is the {low, low} outcome a Nash equilibrium if both players play a grim strategy and have a discount factor of 0.65?
ii. How may history affect the behaviour of the pricing strategy of the firms in this game?
Very complex explanation and confused me a lot!
Who else didn't know La Money productions was ripepd?????????
thanks
nice thank´s !!!!
Some ignoramus will put his hand up in class and say, 'Ahah! What if 7 Up comes into the equation?'
thank you!
are you related to feech lamanna? lol
Can't say that I am
great！
Back to the drawing board son! You are a way off:)
Nice video, but it would be better if you don´t repeat yourself so often.