Economic Applications
These Applications were created to assist various classes at school in understanding various concepts in regards to consumer behaviour, Decision making, Competition and demand and supply
Game theory- allows users to choose a player strategy based on an experiment performed by Rod Axelrod as an economic paper. This games provides insights on best strategies to use based on game lengths. Insightful for decision making. Either the user wins all, wins nothing or wins an average. The decision is simple- Co-operate or Defect.
Airfare Competition: Choose from three prices over ten weeks to win the price war and maximise profits. Our innovative pricing strategy tool helps you stay ahead of competitors. Start today and succeed in the competitive airfare market!
Consumer Behaviour Application: This app is about a user choosing the most ideal purchase behaviour dependant on the individuals socio demographic. There is a visualisation that compares your choices with the ideal choices for the specific demographic. This app is for educational purposes.
Demand and Supply- Our demand and supply graph application allows you to easily plot your own inputs and generate a graphical outcome using linear equations. With two intersecting line graphs, you can accurately the relationship between demand and supply. Try it out today and gain valuable insights into your business operations
