Unlock the Secrets of Whittle Mistakes Game: Beginner's Guide
Market Dynamics The Whittle Mistakes game is a simple but effective way to demonstrate the economic concept of opportunity cost. The game involves two players, each of whom has a certain number of “lives.” Players take turns choosing between two options, each of which has a different probability of losing a life. The player who loses all of his or her lives first loses the game. The game shows that even seemingly small decisions can have significant economic consequences....