Question: Two television stations in a market compete with each other for viewing audience. Local programming options for the 5:00 P.M. weekday time slot include a
Two television stations in a market compete with each other for viewing audience. Local programming options for the 5:00 P.M. weekday time slot include a sitcom rerun, an early news program, or a home improvement show. Assume that each station has the same three programming options and must make its preseason program selection before knowing what the other television station will do. The viewing audience changes in thousands of viewers for Station A are as follows:
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Determine the optimal programming strategy for each station. What is the value of thegame?
Station B Home Improvement Sitcom News 10 Sitcom, a News, a2 Home Improvement. a3 Station A 4
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Station B b 1 b 2 b 3 Minimum a 1 10 5 3 5 Station A a 2 8 8 6 a 3 4 7 3 ... View full answer
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