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Consider a guessing game with N people, and the person closest to 20 plus one-half of the average is awarded the prize, which is split in the event of a tie. The range of guesses is from 0 to 100. Show that 40 is Nash equilibrium. (Hint: Suppose that N-1 people choose 40 and one person deviates to x < 40. Calculate the target as a function of the deviant’s decision, x. The deviant will lose if the target is greater than the midpoint between x and 40, i.e., if the target is greater than (40 + x)/2. (Check to see if this is the case.)
What does high and low context mean? As a global manager, how might knowing if a culture is identified as either high or low context help you communicate?
Reduced revenue makes controlling costs all the more important. For each issue, Michael carefully makes a forecast based on sales data collected at each location
Ann and Ben are getting divorced, and they want to determine how to divide up their joint property: retirement account, home, summer cottage, investments, and miscellaneous assets. Ann and Ben are asked to allocate 100 total points to the assets.
An organization does not have a good Management Information System (MIS) in place to help manage all of their data. What are some of the possible problems this could cause for decision makers
Does an organizations culture follow its strategy or does an organizations strategy follow its culture?
What is a disadvantage associated with the participative style of leadership? Employees are usually unmotivated to carry out decisions.
Create mission and vision statements that align with what Joseph Jackson envisions for his company and explain why these statements are appropriate for Cyber Software, Inc. Create an organizational structure that aligns with the vision of Joseph Ja..
Your company has offered you a full expatriate package to relocate to the overseas operation of your firm. What are a few of the issues you should consider before accepting this lucrative offer?
A linear programming problem has two constraints X + 2Y
What are the characteristics of a risk owner. What is a minor review? What function does it have in risk management
What are the advantages of competing with a Blue Ocean Strategy as compared with competitors in a Red Ocean environment. Why is it important for a company to have a social media strategy
Discuss the common sources of risk on information technology projects and suggestions for managing them. Which suggestions do you find most useful? Which do you feel would not work in your organization? Why?
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