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Does either player have a dominant, weakly dominated or dominated strategy? Identify all the Nash equilibria. Are all equally plausible? Why or why not?
Suppose Wesley and Vizzini play the Battle of Wits according to the following rule. Illustrate this game by drawing a tree and solve it by reasoning in reverse.
Write down the extensive form of this game. How many subgames are there in this game? Solve the game by backward induction. Be sure to detail every step.
Aquinas on the Web, Jana Bennett discusses how the internet has changed how Catholics think about the authority of the Catholic Church (the Magisterium).
What is the equilibrium outcome in this game? Suppose that an analyst at GE is convinced that just a little bit more advertising by GE.
Did the Batman video or the other video you found help explain the concept of game theory? Or was it just silly?
What market structure is there for this line of business in your home town? Is this a monopoly, oligopoly, monopolistic competition, or perfect competition?
Video games are one of the many tools industrialized societies use to teach children the technological and intellectual skills they will need as adults.
What is the Standard Industrial Classification (SIC code) for Minnesota Micromotors, Inc. (MM)
Earlier in the quarter we discussed Southwest Airlines' use of game theory to create new strategy.
Read the following scenario that descibes the game of Red Rover (an activity in the hall of shame!)
How would the court determine whether the liquidated damages clause is valid? Is this clause valid? Explain your answers.
Describe the change in Southwest Airlines boarding process. What was Southwest's main goal introducing the early-bird check-in?
Examine the organizational structure of your company and suggests ways it can be changed to improve the overall profitability.
Explain how Southwest Airlines used the game theory approach to increase its profits.
Suppose Player B decides to deviate from the optimal strategy and begins playing each bill 50% of the time.
What is the outcome of the game involving early-bird check-in? Identify what is the passengers' dominant strategy.
Draw a payoff matrix for the one-shot prisoners' dilemma (one-shot PD); where the four payoffs (T, R, P, S) = (12, 10, 5, 3)
In the text, we considered a sequential-move game in which an entrant was considering entering an industry in competition with an incumbent firm.
Find a newspaper article describing a real world strategic situation, or think of a strategic situation that occurs in your life.
Identify the informal fallacies, assumptions, and biases involved in manipulative appeals and abuses of language.
Describe the change in Southwest Airlines boarding process. What was Southwest's main goal in introducing the early-bird check-in?
Submit an analysis of game theory and profit-maximizing opportunities. Provide an analysis of static and dynamic game theory models of the final project merger.