Incumbent or staying at a loss of 5 for each player

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incumbent), or staying (at a loss of 5 for each player). What is the equilibrium of this game? Discuss if the entrant is better off with or without the ability to withdraw. Summary We use strategy in our daily lives, without even knowing it. We use strategy in things as small to which route to take to work, or as big as to which house to purchase. We use strategy when we make decisions as to how we are going to vote, and if we are going to let those around us sway our vote, as in the first problem. Companies use strategy when it comes to which good or services they are going to pursue. Companies look at what the competitors are doing, and how they can steal those, or change them to make them their own, as in the second problem. In the third problem, we see how strategy works with Employer Low Salary Offer Employee Walks Employer gets 0

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