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RSM455 Week 5
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Lecture notes of 48 pages for the course RSM455 at U of T (RSM455 Week 5 Notes)
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a new way to thinkRSM455 Pricing
Week 5 Online Meeting
Prof. Zachary Zhong
,MobLab Grades
Attendance (50%)
Strategy (25%)
Is your strategy best responding in your case
Payoffs (25%)
,Last Week
Price competition
Nash equilibrium & Prisoner’s dilemma in pricing
Finite future profit may not be able to help (Backward Induction)
War of attrition
, How to (not) fight a price war
不战而屈人之兵，善之善者也。
- 孙子兵法
“The supreme art of war is to subdue the enemy without
fighting.”
― Sun Tzu, The Art of War
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