{ "cells": [ { "cell_type": "markdown", "metadata": {}, "source": [ "# Beer prices in Paradise Beach\n", "## Problem definition\n", "There are two bars in the paradise beach resort, Awesome Sloth and Brave Flamingo. Each one of the two bars charges its own price for a beer, either 2€, 4€, or 5€. The cost of obtaining and serving the beer can be neglected. It is expected that 60% of the tourists are relaxed and casual and choose the bars randomly regardless of the price, while 40% are more thoughtful and will go to the bar with the lowest price, and split evenly in case both bars offer the same price. \n", "\n", "**a)** Consider a sample of 100 guests and represent the beer price decision-making as a game with two players where the objective is to maximise revenues" ] }, { "cell_type": "markdown", "metadata": {}, "source": [ "**b)** Represent the beer price decision-making as a zero-sum game where the objective is to maximise the percentage of revenues per beer sales in the resort" ] } ], "metadata": { "kernelspec": { "display_name": "Python 3", "language": "python", "name": "python3" }, "language_info": { "codemirror_mode": { "name": "ipython", "version": 3 }, "file_extension": ".py", "mimetype": "text/x-python", "name": "python", "nbconvert_exporter": "python", "pygments_lexer": "ipython3", "version": "3.7.4" }, "pycharm": { "stem_cell": { "cell_type": "raw", "source": [], "metadata": { "collapsed": false } } } }, "nbformat": 4, "nbformat_minor": 2 }