Your company and a competitor are deciding whether to invest in electric car charging networks. The networks would duplicate each other, and if both companies were to invest, they would both incur losses. If only one company invests, it would profit. Your boss is thinking of moving first. How would you use game theory to advise her?

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The Answer of Your company and a competitor are deciding whether to invest in electric car charging networks. The networks would duplicate each other, and if both companies were to invest, they would both incur losses. If only one company invests, it would profit. Your boss is thinking of moving first. How would you use game theory to advise her?

Your Company and a Competitor Are Deciding Whether to Invest