Developments in Microeconomics ECC001 Topic 1 – Lectures 1 and 2 Recap – Expected Utility and Basic Game Theory Chris Wilson Handout 1 Topic 1: Recap – Expected Utility and Basic Game Theory 1 Expected Utility and Attitudes to Risk 2 Normal Form Games 2a Dominant Strategies 2b Nash Equilibrium 2c Continuous Strategy Spaces - Cournot 3 Extensive Form Games 3a Backward Induction and Subgame Perfection 2 You will be familiar with some of the content in this topic
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Introduction Discussions of any sort are supposed to help us develop a better perspective on issues by bringing out diverse view points. Whenever we exchange differing views on an issue‚we get a clearer picture of the problem and are able to understand it. The understanding makes us better equipped to deal with the problem.This is precisely the main purpose of a discussion. The dictionary meaning of the word Group Discussion is to talk about a subject in detail. So‚group discussion may refer to a
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Group DISCUSSION Definition of Group Discussion v Group Discussion is a modern method of assessing students personality. v It is both a technique and an art and a comprehensive tool to judge the worthiness of the student and his appropriateness for the job. Group Discussion The term suggests a discussion among a group of persons. v The group will have 8 & 12 members who will express their views freely‚frankly in a friendly manner‚on a topic of current issue. v Within a time limit of 20 to 30
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A Group Discussion at a B-School can be defined as a formal discussion involving 10 to 12 participants in a group. They are given a topic. After some time‚ during which they collect their thoughts‚ the group is asked to discuss the topic for 20 to 25 minutes. B-Schools use the Group Discussion process to assess a candidate’s personality traits. Here are some of the most important personality traits that a candidate should possess to do well at a Group Discussion: 1. Team Player B-Schools
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GD Common Mistakes Here’s a list of the most common mistakes made at group discussions Emotional outburst Rashmi was offended when one of the male participants in a group discussion made a statement on women generally being submissive while explaining his point of view. When Rashmi finally got an opportunity to speak‚ instead of focussing on the topic‚ she vented her anger by accusing the other candidate for being a male chauvinist and went on to defend women in general. What Rashmi essentially
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Closing a discussion If the opening speaker talks sense‚ he will get credit because he opened the discussion and took the group in the right direction. If‚ on the other hand‚ the first speaker’s start lacks substance‚ he will attract the undivided attention of the evaluators to his shortcomings. So speak first only if you have enough sensible things to say. Otherwise‚ keep yourself silent and let someone else start. Try and summarise the discussion at the end. In the summary‚ do not merely
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A&F Discussion Questions 1. Companies like J. Crew (http://www.jcrew.com) and banana republic (http://www.bananarepublic.com) are targeting many of the same consumers as Abercrombie & Fitch. Visit their websites and discuss how their marketing strategies are different from those of A&F. Would you suggest any changes in these strategies that would allow these two companies to better position themselves in the minds of consumers? Banana republic and J. Crew’s marketing plan is geared more towards
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Spark InfoTech Group Discussion Topics Is Foreign Direct Investment (FDI) in retail sector good for India? How to Deal with High Oil Prices? Multinational Corporations: Are they Devils in Disguise? Are Indians Less Quality Conscious? Ethics in Business are just a Passing Fad Is the Consumer really the King in India? Commercialization of Health Care: Good or Bad? Is there any Point in having a Business Strategy when the World changes from Month to Month? Is
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Is India moving towards people management? As India is an emerging market and a great pool of people or human resource‚ so we can say that yes India is moving towards people management with the increasing rate of organizations. The attrition rate‚ corruption‚ ethical issues‚ all can be handled by managing only the workforce of the organization. for example the biggest problem of Infosys in today’s scenario is its people leaving the organization. For managing people‚ the organization should
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paying back debts and procuring funds for industrialization‚ as it went to Middle East and helped for construction work with its technologies. The concomitant problems Cronyism Corrupt relations with government It obstructs the supervision of the group by
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