Question: Let us take the house market as another example. Let us assume that your decision to sell your home may have resulted in an outcome

Let us take the house market as another example. Let us assume that your decision to sell your home may have resulted in an outcome that is in your favor. In applying game theory to the decision in which there are many home buyers who know how much they can offer and you have an idea on how much you wanted to get for your house, you would come up with a decision that was favorable to you. Do you think that you could be in a situation where the outcome of your decision (playing the game with potential buyers) results in less value for your home? If you were to compare the two outcomes, good and bad, what lesson would you draw ?

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