A Comparison between Solutions and Decisions in a Business Game

Jan Edman

Abstract


We use the concept of solutions in games to analyze relations between decisions and profits in a business game. When we compare the cooperative, noncooperative and competitive solutions to decisions made when the game is played we find that the noncooperative solution best describes the mean decisions in the game, but that the individual decisions of firms are dispersed. We show how the comparisons enhance understanding of relations between decisions and profits, and evaluation of performance of firms in business games.

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