https://padlet.com/postgraduate_futures/ii7pplzqil3zlpcn en-us 2022-02-11 05:20:16 UTC 2022-04-27 11:55:37 UTC hello@padlet.com https://padlet.com/postgraduate_futures/ii7pplzqil3zlpcn/wish/2134456079 In a repeated game, the equilibrium path differs. The Client's dominant strategy is to reject the pricing offered and the Agency's dominant strategy is to discount further. 

This sequence, if played out over 10 rounds, would result a payoff of (-150 for the Agency, 450 for the Client). In reality this would never happen as the Agency would walk once their profit margin was too low. Alternatively, the client might sign once the price point reached their desired range.

]]> 2022-04-07 12:13:28 UTC https://padlet.com/postgraduate_futures/ii7pplzqil3zlpcn/wish/2134456079