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Game theory: The restaurants in Timbuktu either sell low quality or high quality food. It is well-known that only 10% of the restaurants sell food
Game theory: The restaurants in Timbuktu either sell low quality or high quality food. It is well-known that only 10% of the restaurants sell food of high quality. The restaurant can either invest in advertisement and a nice ambiance ("ad") or not ("noAd"). The tourist then can decide whether to eat in that restaurant or to ignore it. Payoffs of the game are as follows:
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