We have discussed Collusion at length in class. However, we now need to focus on 'Game Theory' to understand why it is beneficual for firms to share ideas and marketing decisions.
We will discuss the following theory to help explain the benefits of collusion:
This article comes with a few clips demonstrating how aspects of game theory can be applied to different events:
The decision game in ‘The Dark Knight’
The bar scene from ‘A Beautiful Mind’
A final scene from The Good the Bad and The Ugly (demonstrating if you have better information you can make the ‘correct’ decision – pupils may need the background of why Clint makes the decision to shoot ‘Angel Eyes’ first)
A final game from ‘Goldenballs’. What would you do?
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