ECN 601 Grand Canyon University Order of Play Strategies Discussion

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I’m working on a international economics discussion question and need the explanation and answer to help me learn.

The order of play tends to matter in sequential games where rivals must predict best reply-responses and counter-responses in order to achieve a desired payoff. Discuss an instance in which you or your firm used game theory and explain why the relationship between the players was a strategic one. Did the use of a credible threat or commitment affect the outcome? Were there any first-mover of fast-second strategies used?

Explanation & Answer

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