tl2.

Cooperate or Undercut

Two firms. Ten rounds. Your next move can change theirs.

Points each round: you / other firm
Your choiceThey cooperateThey undercut
Cooperate3 / 30 / 5
Undercut5 / 01 / 1

Both choices are locked before either is revealed. The other firm follows one hidden strategy for all ten rounds.

    Read more: Game Theory Reading.