Simulates Bertrand Competition between Commodity Products where each of the two Competitors are experimenting by raising and lowering Price to maximize their short-term Profit. Uses the KNIME Extension: Market Simulation by Scientific Strategy - Community Edition A comprehensive description of this workflow with step-by-step instructions can be found at the Scientific Strategy website: https://scientificstrategy.com/ms-171/
This is a companion discussion topic for the original entry at https://kni.me/w/C2Zyjy9kIirZSf_r