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Table 11-9
Alpha and Beta are the only firms selling gyros in the upscale town of Delphi. Each firm must decide on whether to offer a discount to students to compete for customers. If one firm offers a discount but the other does not, then the firm that offers the discount will increase its profit. Table 11-9 shows the payoff matrix for this game.
-Refer to Table 11-9.Does Alpha have a dominant strategy and if so,what is it?
Sentiment Indicator
A measure or index that shows the overall attitude of investors towards a particular security or the financial market as a whole.
Confidence Index
A measure often used to gauge the sentiment or optimism among investors about the future economic outlook.
Short Interest
The aggregate amount of a specific stock's shares that investors have short sold and are yet to close or cover.
Diminishing Marginal Utility
A principle stating that as a person increases consumption of a product, there is a decline in the additional satisfaction a person gains from consuming one more unit.
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