Discuss the following formula (not in numbers, but from an organizations perspective in the decision-making processes). Expected payoff = (probability of rivals matching x size of loss from price cuts

Posted: March 11th, 2022

Discuss the following formula (not in numbers, but from an organizations perspective in the decision-making processes). Expected payoff = (probability of rivals matching x size of loss from price cuts

Discuss the following formula (not in numbers, but from an organizations perspective in the decision-making processes).Expected payoff = (probability of rivals matching x size of loss from price cuts) + (probability of rivals not matching x gain from lone price cut) p. 248No need to explain the full formula, just pick a segment and run with it.