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Fundamental Economics
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Economics.fundamentalfinance.com popular pages to visit
Fundamental Economics
Personal finance and economics
Negative Externality - Economics
Negative Externality
Negative Externality
A negative externality occurs when an individual or firm making a decision does not have to pay the full cost of the decision. If a good has a negative exte...
Nash Equilibrium and Dominant Strategies- Game Theory - Fundamental Finance
-5,-5
In this game, both players know that 10 years is better than 20 and 0 years is better than 5; therefore, C is their dominant strategy and they will both choose C (cheat). Since both players ch...