Wow :) that makes so much sense. Thank you for sharing Patrick, I will remember when the learning feels overwhelming at times and when I’m stuck in a traffic jam too :) and of course Steve created the analogy, that is so how apple feels.

The quiz went well. It was a university quiz for managerial economics. The questions literally turned out exactly how I said it would :\

Managed to answer all questions in the 15 minutes, but the part I messed up was when I was calculating the present value of the grim trigger figure, I accidentally used the figure when firm a cheats, and firm b still using cooperation qty and it was that figure I used when I applied the discount factor. It should have been the Nash equilibrium figure of competing tomorrow, as that is what they are stuck with b+cd +cd^2+cd^3 until they realise that maybe cooperation could’ve been better on decision tree.

I got the cooperation and infinity formula right though on the tree:)