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
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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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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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
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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
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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
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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
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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
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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
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It is a game of risk-taking‚ especially for the batter. When the baseball is pitched‚ the batter must instantly evaluate whether it will be a strike or a ball. The pitcher’s deception makes that split-second decision much more difficult. A strike sends his teammates
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Kugler‚ T.‚ Kausal‚ E.‚ & Kocher‚ M. (2012). Are groups more rational than individuals? A review of interactive decision making in groups. Behavioral Economics‚ 2701. Wrong citation!! 1. Abstract a. Evidence suggests groups are more rational than individuals. 2. Introduction a. For the most part‚ evidence suggests groups are more rational than individuals b. For the most part‚ groups seem to be more strongly motivated by payoff maximization. c. For the most part‚ groups tend to be more competitive
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