Example of game-theoretic situation

Assignment Help Business Economics

Reference no: EM131094837

Find a real world example of a game-theoretic situation, in which one “player” gains by making a strategic move. Briefly describe the situation. Is the strategic move a commitment, a promise, or a threat? What does the player do to make her/his strategic move credible? [Note: This last question will be graded mostly on effort. So, look around, look for the most interesting example you can find, and have fun.]

Reference no: EM131094837

Questions Cloud

Developing an effective physical evidence strategy : Imagine that you are a service consultant to a local health club. How would you advise the health club to begin the process of developing an effective physical evidence strategy? Describe in a memo how the physical environment impacts both the employ..

In case of demand-pull inflation-other things being equal : In the case of demand-pull inflation, other things being equal:

Describes what these critics are claiming is occurring : What term describes what these critics are claiming is occurring with regard to U.S.-Mexican trade as a result of NAFTA? Explain your reasoning. (See page719 of the textbook.)

Treatment of substance abuse disorders : Detoxification is a ___________ therapy used for the treatment of Substance Abuse Disorders.

Example of game-theoretic situation : Find a real world example of a game-theoretic situation, in which one “player” gains by making a strategic move. Briefly describe the situation. Is the strategic move a commitment, a promise, or a threat? What does the player do to make her/his strat..

Package of ground beef labeled : When consumers were given the opportunity to select a package of ground beef labeled “75% lean” or a package of ground beef labeled “25% fat,” most consumers chose “75% lean.” Why? What concept from the chapter does this illustrate? The reason is tha..

What accounts for the difference in the two percentages : Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under Nationalclick onGross Domestic Product (GDP), then Interactive Tables:GDP and the National Income and Product Account (NIPA) Historical Tables, click "Begi..

White light polarization interferrentry : Handheld fiber-optic meters with white light polarization interferrentry are useful for measuring temperature, pressure, and strain in electrically noisy environments. The fixed costs associated with manufacturing are $800,000 per year. It a base uni..

Analyze connection between player salaries and ticket prices : Analyze the connection between player salaries and ticket prices. In particular, is it true that salary increases will be passed on as higher ticket prices, or will they be paid out of monopoly profits

User Account

All Pages