3 ms·
The following approximation is interesting when it comes to the game theory of advertising: - Both parties do not advertise, resulting in zero outcome. - One
by btdmaster 4y ago
The following approximation is interesting when it comes to the game theory of advertising:
- Both parties do not advertise, resulting in zero outcome.
- One party advertises, resulting in a gain for that
party and a loss for the other party. (after advertising cost)
- Both parties advertise, resulting in negative outcome.
One equilibrium looks significantly better than the other.