APPLICATION OF GAME THEORY By Abinaya Naresh Ananthapadmanabhan P Dhivya Kannan Vidyalakshmi P INTRODUCTION Game theory is the study of strategic decision making. It is a study of how to mathematically determine the best strategy for given conditions in order to optimize the outcome. Game theory focuses on how groups of people interact. It focuses on how “players” in economic “games” behave when‚ to reach their goals‚ they have to predict how their opponents will
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PUBLIC SECTOR WHAT ARE PUBLIC GOODS‚ MERIT GOODS AND IMPURE PUBLIC GOODS? WHAT KIND OF A PROBLEM IS ASSOCIATED WITH THE PROVISION OF PUBLIC GOODS? WHAT ARE THE REMEDIES? A public good is a good or service that can be consumed simultaneously by everyone and from which no one can be excluded—nonrival and nonexcludable. They are determined in terms of their economic rather than their administrative‚ physical‚ normative or financing charateristics. The market will fail to exist for public goods because
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Introduction Fisheries sector occupies a very important place in the socio-economic development of the country. It has been recognized as a powerful income and employment generator as it stimulates growth of a number of subsidiary industries‚ and is a source of cheap and nutritious food besides being a foreign exchange earner. Most importantly‚ it is the source of livelihood for a large section of economically backward population of the country. The main challenges facing fisheries development
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including banking. The banking sector in India has undergone several changes in the areas of prudential‚ regulatory‚ disclosure and supervisory norms. The financial reforms launched during the early 1990s have dramatically changed the banking scenario in the country. New prudential norms‚ capital adequacy prescriptions‚ identification of bad debts‚ provision requirements etc. were enforced and interest rates were deregulated. As a result of these reforms‚ new private sector banks were allowed entry into
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INSIDE THE JOB SECTORS: TOP CAREER CHOICES Prepared for - - - Prepared by - Student - TABLE OF CONTENTS PAGE Introduction 3 The Ins and Outs of the IT industry 4 The Field of Network Security 4 Required Education 5 Salaries 5 Job Outlook The Health Care Industry 6 Registered Nurse 6 Required Education 7 Salaries 7 Job Outlook 8 Recommendation and Conclusions 9
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Asphalt Industry Glossary of Terms This is an alphabetical listing of the terms and descriptions commonly used in the asphalt industry. A B C D E F G H I K M N O P R S T U V L W A Absolute Viscosity A measure of the viscosity of asphalt with respect to time‚ measured in poises‚ conducted at 60°C (140°F). The test method utilizes a partial vacuum to induce flow in the viscometer. Aggregate Spreaders Machines used for spreading
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Pakistan Banking sector Compiled by: Consulate General of Switzerland Karachi‚ 25th February 2011 1. ECONOMIC OVERVIEW: Pakistan’s economy has been predominantly agrarian. Since Pakistan came into existence‚ the contribution of the agricultural sector to the GDP has declined gradually from over 50 percent in 1949-1950 to about 22 percent in the fiscal year 2009-10 (July 2009-June 2010). However‚ agriculture still remains the major sector of the GDP composition. Other economic sectors include industry
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crisis to its status of third largest economy in the world by 2011‚ India has grown significantly in terms of economic development. So has its banking sector. During this period‚ recognizing the evolving needs of the sector‚ the Finance Ministry of Government of India (GOI) set up various committees with the task of analyzing India’s banking sector and recommending legislation and regulations to make it more effective‚ competitive and efficient.[1] Two such expert Committees were set up under the
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Fundamentals of Macroeconomics David Hanke ECO/372 August 19‚ 2013 Paul Updike Fundamentals of Macroeconomics Macroeconomics deals with the study of the economy as a whole‚ rather than that of individual markets. It takes into consideration how the variances and changes in prices‚ wages‚ policies‚ expectations‚ etc. throughout the economy influence the supply and demand of the economy in its entirety. There
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Question 1 0.33333 out of 0.33333 points The risk-adjusted required rate of return includes 1. the firm’s earnings 2. the firm’s beta coefficient 3. the treasury bill rate (i.e.‚ the risk-free rate) Selected Answer: 2 and 3 Question 2 0.33333 out of 0.33333 points A stock’s price will tend to fall if 1. the firm’s beta declines 2. the firm’s beta increases 3. the risk-free rate declines 4. the risk-free rate increases Selected Answer: 2 and 4 Question 3 0.33333
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