[Solution Library] Two television stations in a market compete with each other for viewing audience. Local programming options for the 5:00 P.M. weekday
Question: Two television stations in a market compete with each other for viewing audience. Local programming options for the 5:00 P.M. weekday slot include a sitcom rerun, an early news program, or a home improvement show. Assume that each station has the same three programming options, and must make its preseason program selection before knowing what the other station will do. The viewing audience changes in thousands of viewers for Station A are as follows:
Station B | ||||
Sitcom | News | Home Improvement | ||
B 1 | B 2 | B 3 | ||
Station A | Sitcom, a 1 | 10 | -5 | 3 |
News, a 2 | 8 | 8 | 6 | |
Home Improvement, a 3 | 4 | 7 | 3 |
- Determine the optimal programming strategy for each solution. What is the value of the game?
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