1. Go to the Game Theory in Action link below and complete the game.
2. As you play the game, what are your choices?
3. What was the scenario?
4. Did you think the game was sequential or simultaneous? Why?
5. Which choice did you make in terms of changing the room rate?
6. Which self-parking scenario did you think was the Nash Equilibrium? Were you right or wrong? What were the consequences?
7. What other thoughts did you have about the scenario?

https://abelarmino13.neocities.org/Game%20Theory%20in%20Action%20(1)

Answer rating: 100% (QA)

The scenario presented me as the revenue manager for a hotel having to make decisions around room ra... View the full answer