A real world situation that interests you

        The aim of the project is to find a real world situation that interests you and apply the tools of game theory to analyze it. Topics can be chosen from any field. Structure of content: The following sections to be included 1. Introduction : It will provide a brief explanation of the topic for your project. This should describe the motivation and context for the strategic situation you have chosen to analyze. If appropriate for your topic, provide history, data or any other information that you find relevant to show why the topic is of interest to you. 2. Verbal description of the game you have built including players, payoffs, strategies, game structure etc. Explain why you have made your particular choices, and how that helps you to address the topic you set out in the introduction. 3. Formal representation of the game (game tree, strategic form etc.) 4. Derivation of your equilibrium (please include all the detailed steps in how you derive your equilibrium). 5. Conclusion You will conclude with a discussion of your equilibrium, and how it explains/illuminates/analyzes the situation that you had set out to analyze. In other words, tell me what you have learnt about the topic from the game that you buil.