Which decided not to prepare for the competitive struggle and simply do nothing. IBM simply scared its competitors with an “emergency meeting” and thought that was enough. It is also not profitable for IBM to invest a lot of money in the competitive struggle, so they actively bluffed. TELEX foresaw this, so they were able to freely enter the market without encountering resistance from IBM. And at the same time, they did not have to spend money in advance and invest extra money in the competitive struggle.
Which in fact did not exist
Game Theory in Life: How to Outsmart a Taxi Driver Abroad To make namibia phone number library sure that game theory can work not only in theoretical examples or in the business environment, but also in everyday life, let us imagine two young businessmen who came from the USA to Israel for a meeting. Late at night, after yet another business meeting, the Americans caught a taxi to get to the hotel. The taxi driver immediately realized that he was taking foreigners, so he decided to cheat and said that he would not turn on the meter and would take the tourists for free.
Allegedly, he would end up charging them less
Than the meter would have shown. Very warm and hospitable! However, the businessmen immediately sensed something was wrong. At the same time, they decided not to take risks and not to sort testing different versions things out with the taxi driver right there. Otherwise, they could quarrel, and they really didn’t want to look for a new taxi at night. Moreover, if the investigation is postponed until arrival, the position and argumentation of the businessmen should be much stronger.
After all, it will not be profitable for
The taxi driver to just drop off passengers at the end of the trip. point, he ws data said that the entire trip cost 3,100 shekels. This price greatly shocked one of the businessmen. Then he said that he would not pay more than 1,900 shekels. The driver immediately became furious, started cursing and said that no one would take them for such a “pittance”. The taxi driver acted irrationally: he locked the doors and took the businessmen back to the place where the trip started. Once they reached the starting point, the driver opened the doors and told the businessmen to try to find at least one driver who would agree to take them to the hotel for 1900 shekels.