Question

Two companies are competing to define a new standard for digital recording. Only one standard will be adopted commercially, and it is unclear which standard the consumer market will choose. Company A invests $10 million to promote its standard, and Company B invests $20 million to promote its. If the outcome is to be viewed as a fair game (in the sense defined in Exercise 33), what is the chance that the market accepts the proposal of Company A?


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  • CreatedJuly 14, 2015
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