# Anticipating Comeptitive Dynamics - Cassiman and Ghemawat

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- Steps in a simple game
- Identiy the players
- specify the possible actions for each of the players (possible strategies)
- Determine the payoffs for each of the players in each combination of strategies
- This can initially be a goal but should be turned into a numerical value
- Find the NPV of these values

- Assumptions considered
- Are the moves simultaneous or dynamic

- Strategy to solve the game
- Find the dominant strategy for one player
- a dominant strategy is when one player that would lead to the less than ideal outcome no matter what the other player does.
- This can be used to narrow a set of outcomes

- Go to the second player and find the domiant strategy, and elimate those outcomes
- Interate till there is only one strategy pair left. This is called the Nash Equalibrium.

- Find the dominant strategy for one player

- Steps in a simple game