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How can you overcome the complexity of all possible outcomes from strategic interactions? think about the what ifs? separately write as many possible outcomes as
How can you overcome the complexity of all possible outcomes from strategic interactions? think about the "what ifs?" separately write as many possible outcomes as you can stop thinking about the choices that the other players will make only consider some outcomes that you prefer, not all outcomesSuppose your hot dog stand and a competitor's burger stand are playing a game to get customers that have the same payouts as a Prisoner's Dilemma, such that one firm will only cut its prices if the other does. In this case, a price cut is considered a _____ because one player's best choice depends on another player's _____. dominant strategy; choice dominant strategy; equilibrium strategic interaction; equilibrium strategic interaction; choice
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