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Explain how Southwest Airlines used the game theory approach to increase its profits. What is the outcome of the game involving early-bird check-in? Identify what is the passengers’ dominant strategy.

The following article describes the unique boarding process used by the Southwest Airlines.

Presh Talwalkar (2015) Southwest Airlines boarding and game theory
(https://mindyourdecisions.com/blog/2013/03/05/southwest-airlines-boarding-and-game-theory/)

Use this article and at least three (3) others to answer the following questions in 6-7 pages:

  1. Describe the change in Southwest Airlines boarding process.
  2. What was Southwest’s main goal introducing the early-bird check-in?
  3. Explain how Southwest Airlines used the game theory approach to increase its profits.
    • What is the outcome of the game involving early-bird check-in?
    • Identify what is the passengers’ dominant strategy.
    • Explain how Southwest Airlines used the game theory approach to increase its profits.
      • What is the outcome of the game involving early-bird check-in?
      • Identify what is the passengers’ dominant strategy.
    • Determine why travelers face the Prisoner’s Dilemma with the early-bird check-in process.
  4. Analyze the advantages and disadvantages of the early-bird check-in process for Southwest Airlines.
  5. Suggest ways in which other companies, or the company you work for, can utilize similar game approach to maximize profits. Note: One of your references should help provide a rationale as to why this is a good approach for this company and needs to have been published within the last 6 months.

Your assignment must follow these formatting requirements:

  • – Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.
  • – SafeAssign less than 25% matchv

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