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Battle of the Sexes game
To understand Battle of the Sexes game, let’s consider a story as follows:
Two players (a couple) wish to go to an event together but disagree about whether to go to a football game or the variety show. Each player gets a utility of 2 if both go to his or her chosen event, a utility of 1when both go to the other's preferred event and zero if both are unable to agree and stay at home or go out individually. The pay-off matrix can be symbolized as follows:
QUEUING THEORY When limited facilities fail/delays to satisfy demands made upon them, problems occur which generate queues or waiting lines. Illustrations are: • Customers
The Baumol Model in 1952 considers cash management complication as same to inventory management problem. For itself the firm attempts to minimize the total cost that is the sum of
Security Analysis and Portfolio Management Define Capital Market Line and how is it dissimilar from Security Market Line. Describe with illustrations?
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BENCH MARKING In the current business environment, organizations are under a lot of pressure to improve performance and that of their divisions or subsidiaries. Bench marking i
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