You want to collude, but can you trust the other firm to set prices high?
Step One: Is there a dominant strategy?
Type of Advertisements and Opinion Polls Game #1 Negative Ads Positive Ads 15-point increase, 15- point increase 5- point increase, 25- point increase 25- point increase,5- point increase 7- point increase, 7- point increase
Step Two: Is there a Nash Equilibrium?
YouTube Competitors- Number of Likes (thousands) Game #2 Cat Videos Human Mishaps 750, 900 320, 750 800, 700 250, 725
Superheroes- Villains Caught Game #3 Day Shift Night Shift 8,7 4,4 5,4 7,3
Who to draft first, Quarterback or Running Back? Game #4 Quarterback Running Back 11 wins,10 wins 4 wins,5 wins 6 wins,4 wins 10 wins,11 wins