Outline and discuss how the economics of game theory could add value to the risk assessment of the likely competitive threats facing a company in the market.
The key objective is to write a critical essay outlining the overlap between the economics and game theoretic concepts introduced in game theory and the practical case research undertaken by your group during the Workshop ( I have attached presentation for your reference). Please use real case study materials where appropriate.
Hint: The best way to approach the assignment is to imagine that the essay is to be read by senior management. Their concerns may have to do with:
challenges of technology or
Analyze the market-as-a-game, identify and filter the competitive threat, assess the action-reaction sequence of events and evaluate your results.
Remember: You are an MBA consultant. Here is an opportunity to reflect on both the research undertaken by you at the Workshops and on the learning obtained in the preparation of your assignments for this Module. In any consultancy, you must try to impress upon the team. One way to do that is to convince them of the value-added of applying economic concepts and economic reasoning from game theory and transactions cost economics to an evaluation of strategy.
Markers comments on the presentation: