their jobs saved and even be promoted. We can also say that BPI employees wanted the same. In incorporating quantitative methods‚ I applied the BPI-PNB merger in the possible situations if either bank gets bigger power or shares. Below is the game theory analysis for this case. | PNB strategy 1PNB top management gets more shares | PNB strategy 2PNB top management gets less shares | BPI strategy 1BPI top management gets more shares | There will be a power struggle | BPI top management will
Premium Central bank Game theory Mergers and acquisitions
On Ethics and Economics Amartya Sen Blackwell Publishers‚ 1987‚ pp. 148‚ Rs. 271 ‘On Ethics and Economics’ by Amartya Sen centres on a particular phenomenon that the author considers unfortunate to the discipline. In this book‚ Amartya Sen talks about the continued and ever increasing distancing of economics from ethics. This book has three chapters and under each chapter‚ there are sub topics. That makes the book more structured and easy to understand even for a person who is not so competent
Premium Economics Rational choice theory Amartya Sen
1.http://www.economics.utoronto.ca/osborne/igt/nash.pdf 2. http://www.columbia.edu/~rs328/NashEquilibrium.pdf c. Is every dominant strategy equilibrium a Nash equilibrium? 1. http://economics.fundamentalfinance.com/game-theory/nash-equilibrium.php d. What do you understand by subgame-perfect equilibrium? 1. http://faculty.apec.umn.edu/thurley/documents/APEC8991/Notes/Fall2010/SubgamePerfectEquilibrium.pdf 2. http://www.cs.tau.ac.il/~canetti/f09-materials/f09-scribe9
Premium Game theory Nash equilibrium Utility
The One Minute Manager Prepares for Mediation: A Multidisciplinary Approach to Negotiation Preparation Donald R. Philbin‚ Jr.* Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I. Rigorous Legal Analysis Forms the Basis for Negotiation Preparation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . II. Decision Tree Analyses Help Develop and Test Scenarios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Premium Dispute resolution Mediation Decision tree
0.5 0.5 Expected winnings in one toss: Expected Monetary Value (or just Expected Value (EV) = €1 Note: You never actually receive €1; you either receive €4 or lose €2. Play this game many times‚ sometimes you receive €4‚ sometimes lose €2‚ but it ‘averages out’ at €1 per game. This is your Expected Value. Expected winnings in ten plays: Decision Making using Expectation Example 2: A potential customer for a €50‚000 fire insurance policy has a home in an area that
Premium Decision theory Expected value Risk
What is Negotiation? In simplest terms‚ negotiation is a discussion between two or more disputants who are trying to work out a solution to their problem.[1] This interpersonal or inter-group process can occur at a personal level‚ as well as at a corporate or international (diplomatic) level. Negotiations typically take place because the parties wish to create something new that neither could do on his or her own‚ or to resolve a problem or dispute between them.[2] The parties acknowledge that there
Premium Negotiation Game theory Dispute resolution
Jesper Juul wrote the book Half Real: Video Games between Real Rules and Fictional Worlds (2005)‚ which discusses game structures and explains the related impact to the players. In the chapter three of the book‚ Juul emphasizes that different rule structures provide different kinds of challenges in games. Accordingly‚ there are two distinctive ways of categorizing games: “games of progression that directly set up each consecutive challenge in a game‚ and games of emergence that set up challenges indirectly
Premium Game Games Play
to fix them. to create this game‚ my partner and I used a white carboard where we placed vertically our index cards containing the number of points in the front‚ and the question on the back‚ hidden from the player. This game is played with no more than three people in a group‚ and only three groups allowed. The group with the most points wins the game. III. Online Game An online game that I would adapt‚ if I had the skill to do so‚ will be “Bubble Shooter.” This game is originally played by aiming
Premium Game Word Games
Game on The following book synthesis discusses some of the ideas‚ thoughts and questions raised in two books – Little Brother by Cory Doctorow and Don’t Bother Me Mom – I’m Learning! by Marc Prensky. It focuses on the main idea that both books have in common‚ continues with discussion of games and meaningful learning‚ and integration of games in the learning process. Overlapping idea in both books As previously mentioned‚ an overlapping argument could be found in both Little Brother by Cory Doctorow
Premium Learning Gamer Decision making
Oligopoly An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the marketplace. Whereas firms in an oligopoly are price makers‚ their control over the price is determined by the level of coordination among them. The distinguishing characteristic of an oligopoly is that there are a few mutually interdependent firms that produce either identical products
Premium Monopoly Oligopoly Competition