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WebGame Theory. ECON 159 - Lecture 16 - Backward Induction: Reputation and Duels. Chapter 1. Establishing a Reputation: Selten’s Chain Store Paradox [00:00:00] Professor Ben Polak: So this is what we did last time: we looked at a game involving an entrant and an incumbent in a market; and the entrant had to decide whether to enter that market or ... WebJan 9, 2024 · Game theory is a mathematical framework developed to address problems with conflicting or cooperating parties who are able to make rational decisions. The theory primarily deals with finding the optimal rational decision in various scenarios. Game theory is a relatively new discipline. Modern game theory was introduced in the works of John … WebThere are 3 ways of playing the game: - Easy mode with basic exercises. - Hard mode with advanced exercises. - Creation mode in which kids can create and play with their own electric circuits (only on iPad) A lot of items are available: - 2 conventional batteries. - 2 kinds of light bulbs. - switches. - a wind turbine. stewart williams furniture store