🗊Презентация Economics of pricing and decision making. (Seminar 1)

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Economics of pricing and decision making. (Seminar 1), слайд №1Economics of pricing and decision making. (Seminar 1), слайд №2Economics of pricing and decision making. (Seminar 1), слайд №3Economics of pricing and decision making. (Seminar 1), слайд №4Economics of pricing and decision making. (Seminar 1), слайд №5Economics of pricing and decision making. (Seminar 1), слайд №6Economics of pricing and decision making. (Seminar 1), слайд №7Economics of pricing and decision making. (Seminar 1), слайд №8Economics of pricing and decision making. (Seminar 1), слайд №9Economics of pricing and decision making. (Seminar 1), слайд №10Economics of pricing and decision making. (Seminar 1), слайд №11Economics of pricing and decision making. (Seminar 1), слайд №12Economics of pricing and decision making. (Seminar 1), слайд №13Economics of pricing and decision making. (Seminar 1), слайд №14Economics of pricing and decision making. (Seminar 1), слайд №15Economics of pricing and decision making. (Seminar 1), слайд №16

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Слайды и текст этой презентации


Слайд 1





Economics of pricing and decision making

Seminar 1
Описание слайда:
Economics of pricing and decision making Seminar 1

Слайд 2





The guessing game
Each of you have to declare a number between 0 and 100.
	
	The winner is the person whose number is the closest to 2/3 of the average of all guesses.
	
	What is your guess?
Описание слайда:
The guessing game Each of you have to declare a number between 0 and 100. The winner is the person whose number is the closest to 2/3 of the average of all guesses. What is your guess?

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Описание слайда:
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The guessing game 
Discussion
Bounded rationality
People do not naturally use deep levels of strategic thinking. They just think 2-3 steps ahead.
Players may be fully rational, however if a player believes that all other players will say a number N>0, that player will declare N*2/3>0.
If all players believe that the average guess will be high, this becomes a self-fulfilling prophecy.
Описание слайда:
The guessing game Discussion Bounded rationality People do not naturally use deep levels of strategic thinking. They just think 2-3 steps ahead. Players may be fully rational, however if a player believes that all other players will say a number N>0, that player will declare N*2/3>0. If all players believe that the average guess will be high, this becomes a self-fulfilling prophecy.

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The guessing game 
Importance of repetition
When the game is repeated, the average guess eventually goes down to 0.
Описание слайда:
The guessing game Importance of repetition When the game is repeated, the average guess eventually goes down to 0.

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 Q1 


	V	W	X	Y	Z
A	9,5	8,7	5,6	3,6	9,2
B	2,5	7,6	3,5	8,5	0,8
C	7,3	1,4	5,2	4,1	9,7
D	5,0	1,6	8,9	0,0	0,9
E	4,4	3,8	9,6	2,9	1,2
Описание слайда:
Q1 V W X Y Z A 9,5 8,7 5,6 3,6 9,2 B 2,5 7,6 3,5 8,5 0,8 C 7,3 1,4 5,2 4,1 9,7 D 5,0 1,6 8,9 0,0 0,9 E 4,4 3,8 9,6 2,9 1,2

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 Q1 


	V	W	X	Y	Z
A	9,5	8,7	5,6	3,6	9,2
B	2,5	7,6	3,5	8,5	0,8
C	7,3	1,4	5,2	4,1	9,7
D	5,0	1,6	8,9	0,0	0,9
E	4,4	3,8	9,6	2,9	1,2
Описание слайда:
Q1 V W X Y Z A 9,5 8,7 5,6 3,6 9,2 B 2,5 7,6 3,5 8,5 0,8 C 7,3 1,4 5,2 4,1 9,7 D 5,0 1,6 8,9 0,0 0,9 E 4,4 3,8 9,6 2,9 1,2

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Q2
Player 1:
2q+4(1-q)=4q+3(1-q)
Implies q=1/3
Player 2:
	2p+5(1-p)=3   implies p=2/3
Описание слайда:
Q2 Player 1: 2q+4(1-q)=4q+3(1-q) Implies q=1/3 Player 2: 2p+5(1-p)=3 implies p=2/3

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Q3
Monopoly:
Perfect competition:
	P=100-1/2Q=20, thus Q=160 and zero profit.
Описание слайда:
Q3 Monopoly: Perfect competition: P=100-1/2Q=20, thus Q=160 and zero profit.

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Cournot:
Cournot:
q1=q2=53.3
P=46.6
Π1=Π2=1422
Описание слайда:
Cournot: Cournot: q1=q2=53.3 P=46.6 Π1=Π2=1422

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Cournot with unequal costs:
Cournot with unequal costs:
q1=66.6; q2=46.6
P=44.1
Описание слайда:
Cournot with unequal costs: Cournot with unequal costs: q1=66.6; q2=46.6 P=44.1

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Stackelberg:
Stackelberg:
q1=80; q2=40
P=40
Π1=1600; Π2=800
Описание слайда:
Stackelberg: Stackelberg: q1=80; q2=40 P=40 Π1=1600; Π2=800

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Q4
Table:
Описание слайда:
Q4 Table:

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Q5
Описание слайда:
Q5

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Mixed strategies
Mixed strategies
Entrant: -1p+1-p=2p,    p=1/4
Incumbent: 7q+5(1-q)=6q+8(1-q),   q=3/4
Entrant: π=0.5
Incumbent: π =6.5
Описание слайда:
Mixed strategies Mixed strategies Entrant: -1p+1-p=2p, p=1/4 Incumbent: 7q+5(1-q)=6q+8(1-q), q=3/4 Entrant: π=0.5 Incumbent: π =6.5

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Q6
Описание слайда:
Q6



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