Workbook for Game Theory and Political Economy1 Martin Gregor IES‚ Charles University in Prague January 23‚ 2012 set of sample exercises has been created for the undergraduate course JEB064 Game Theory and Political Economy given by Martin Gregor at IES‚ Charles University‚ Prague. Each exercise includes a full solution. The workbook is a work in permanent construction. Any comment is more than welcome. 1 This 2 Contents 1 Essentials in game theory 1.1 Centipede game (Rasmusen 2007)
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Introduction Being in a queue (waiting line) is an inevitable fact of our daily life‚ such as waiting for checkout at a supermarket‚ or waiting to make a bank deposit. Queuing theory‚ started with research by Agner Krarup Erlang‚ is used to examine the impact of management decisions on these waiting lines (Anderson et.al‚ 2009). A basic Queuing Model structure consists of three main characteristics‚ namely behaviour of arrivals‚ queue discipline‚ and service mechanism (Hillier and Lieberman‚ 2001)
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In the science Isa the materials we can take in is the Crn notes‚ our table we drew as well as the graph we drew. Question 1) Do your results agree with your hypothesis? Yes our results do agree with the hypothesis because as soon as the weights were lifted the muscles began to fatigue very rapidly‚ an example of when this occurred is once the 1kg weight was lifted it took … amount of seconds to fatigue however as soon as the 5kg weight was lifted we saw the muscles fatigued extremely quickly
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Discuss the types of attribution someone makes when they appraise a person’s behaviour. How may bias occur in their reasoning particularly if they have a very different background to the person they observe? Attribution theory focuses on ways in which we gather and process information in order to come up with judgements and explanations for people’s behaviours and personalities or as explained by Fiske & Taylor (1991) “how the social perceiver uses information to arrive at casual explanations for
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Formal Languages REVIEW NOTES Connected graph A graph G is connected if given any vertices u and v in G‚ there is a path from u to v (or v to u). That is‚ in a connected graph‚ we can get from any vertex to any other vertex on a path. If there’s no path between some pair of vertices then the graph is called disconnected. The following shows a connected graph and a disconnected graph. Example: a b c b a c e d connected graph e d disconnected graph Cycle A cycle (or a circuit) is a path
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What is meant by group? “The balance theory of Theodore Newcomb is a comprehensive theory of group formation.” Explain. Ans: A group may be defined as a collection of two or more people who work with one another regularly to achieve common goals. In a group‚ members are mutually dependent on one another to achieve common goals‚ and they interact with one another regularly to pursue those goals. Effective groups help organizations accomplish important tasks. In particular‚ they offer the potential
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Advantages And Disadvantages Of Theory X And Theory Y? Douglas McGregor’s Theory X and Theory Y have both their advantages and disadvantages‚ though many would prefer to call them their strengths and weaknesses. The biggest advantage of using Theory X and Theory Y is that they are easy to understand. In addition to this‚ they can help a manager to focus on his thoughts on the different ways in which individuals relate to and carry out work. Although the theories are not used explicitly today‚ due
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BUZE400 Economics (Part 1) Fall 2013 Tutorial 4: The theory of consumer choice Question 1: Nargiza and Alibek are painting their apartment. At the paint store‚ Alibek says he prefers Canary Yellow to Bumblebee Yellow‚ Lime Yellow‚ and Crayola Yellow. Nargiza …nds new paint samples and asks Alibek to compare Canary Yellow to School Bus Yellow and to Sunrise Yellow. Alibek prefers Sunrise Yellow to Canary Yellow‚ and prefers School Bus Yellow to Canary Yellow. He also prefers Sunrise Yellow
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Model with Poisson Arrivals and Exponential Service Times Multiple-Channel Waiting Line Model with Poisson Arrivals and Exponential Service Times Economic Analysis of Waiting Lines Slide 1 Structure of a Waiting Line System Queuing theory is the study of waiting lines. Four characteristics of a queuing system are: •the manner in which customers arrive •the time required for service •the priority determining the order of service •the number and configuration of servers in the
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I. INTRODUCTION The emergence of humanistic learning theory can not be separated from the movement of humanistic education that focuses on affective outcomes‚ learning about how to learn and learning to enhance creativity and human potential. This humanistic approach emerged as a form of disapproval on two previous views‚ the views of psychoanalysis and behavioristik in explaining human behavior. Disagreement is based on the assumption that the views of psychoanalysis too pessimistic outlook bleak
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