Essays Tagged: "Game theory"
An essay on business ethics, presuppositions of the game theory. Speaks of Solomon's ideas
Soloman believes that as the game theory gets more sophisticated, we tend to lose sight of the problem rather than solve it. He s ... about themselves in an Aristotelian rather than a neo-Hobbesian (or even a Rawlsian) way, which the game theoretical models simply presuppose.Soloman discusses seven presuppositions in the first secti ... ed are money and measurement and the role of the rules.Money and MeasurementIn business, as in most games, we like to keep score. As one of Soloman's businessman friends told him 'in business you alwa ...
Subjects: Businesss Research Papers
Oligopoly: Description of and application of. Very precise
ing the firmsto be different.There are five better known models of oligopoly:CartelsPrice leadershipGame TheoryKinked Demand CurveCost-PlusCartelsSince there are few firms in the oligopolist market, s ... ce elasticity of demand for the product.The greater the elasticity of demand, the lower the mark-up.Game TheoryThis examines oligopoly behavior as a series of strategic moves and countermoves amongriv ...
Subjects: Businesss Research Papers > Markets & Exchanges
The evolution of negotiation. In essence this paper argues that the definition of negotiator success has changed.
ring of noblemen sitting on the terrace of a 16th century French chateau, idling away the time over games of chance. Loud voices, mixed with raucous laughter tell of the fun had by all, but winning ma ... theory (von Neumann & Morgenstern, 1947; Thompson, 1990, 1998). Primarily studied in economics, game theoretic (normative) models, are a series of mathematical theorems concerning the logic that u ...
Subjects: Businesss Research Papers
The prisoners' dilemma. Are we all prisoners?
elp the other when his corn ripens.This was the precursor of the well-known "Prisoners' Dilemma" (a game invented at Princeton's Institute of Advanced Science in 1950s), which similarly confronts peop ... destructive force born on selfishness and distrust, which leads to defections in relationships. The game of cooperation and defection only begins after a certain period of time when both man and woman ...
Subjects: Humanities Essays > Philosophy
Investigate that "Game theory is grounded in well established theory, but it is too hard to use in developing and implementing international business strategy"
were awarded the Nobel Prize in Economics (Crainer, 1996), business people had started to apply the game theory in the business strategy. Some people argued that game theory is well established theory ... n developing and implementing international business strategy. In the author's opinion, even though game theory has some demerits to apply in the international business strategy, it is still contribut ...
Subjects: Businesss Research Papers > Case Studies
The Paradox of Cooperation and Competition in Strategic Alliances - Towards a Multi-paradigm Approach
ative and competitive strategies, which combines strategic positioning, the resource-based view and game theory. The paper suggests that the multi-paradigms can not only encompass the contradictions o ... and competitive strategies, which combine strategic positioning, the resource-based view (RBV) and game theory. The combination of strategic positioning and the RBV can help exhibit an overarching vi ...
Subjects: Businesss Research Papers
Two-Person Game Theory: The U.S. Nuclear Nonproliferation Policy in Action
Two-Person Game Theory:The U.S. Nuclear Nonproliferation Policy in ActionLiterary Review: When the Unit ... ible effects of their decisions before they enter into negotiations with the other side. Two-person game theory can do just this. The countries can examine the choices they are going to be faced with, ... and by predicting how the other player will react you can come to foreseeable conclusions. Although game theory does not provide exact answers to how a situation will play out, it can give each side a ...
Subjects: Social Science Essays > Political Science
GAME THEORY: AN INTRODUCTION
Game Theory is mathematical analysis of competitive situations to identify choices that will lead to ... matical analysis of competitive situations to identify choices that will lead to a desired outcome. Game theory began in the study of amusements, but it also applies to sociology, economics, and polit ... ical and military science. The French mathematician Émile Borel, who wrote several papers on games of chance and theories of play, first explored aspects of game theory. Furthermore, Hungarian- ...
Subjects: Science Essays > Mathematics
The Paradox of Cooperation and Competition in Strategic Alliances: Towards a Multi-paradigm Approach.
ative and competitive strategies, which combines strategic positioning, the resource-based view and game theory. The paper suggests that the multi-paradigms can not only encompass the contradictions o ... and competitive strategies, which combine strategic positioning, the resource-based view (RBV) and game theory. The combination of strategic positioning and the RBV can help exhibit an overarching vi ...
Subjects: Businesss Research Papers > Management
Game Theory
What is Game Theory? DescriptionGame Theory is a special branch of mathematics which has been developed for ... exed circumstances. The idea to see business is usual in modern strategic thinking. The meaning of "Game" here is: a move by one player will result in moves by others. The idea historically dates back ... codification is attributed to John von Neumann and Oskar Morgenstern. They published the Theory of Games and Economic Behavior in 1944. In the early 1950s, John Nash generalized these results and pro ...
Subjects: Businesss Research Papers > Marketing
The Iron Laws of Economics: An exploration of the do's and dont's of economics.
- 8. The essence of the moderate fatalism, its incompleteness and discrepancy. - 9. Economics as a game, initiated and regulated by the government. Decreasing of the status of economic game with the ... conomic life. Namely, the government, here creates and legally fixes "uniform rules of the economic game", which all of it's participants, managing in the given territory, are obliged to observe stric ...
Subjects: Social Science Essays > Economics
Advance Artificial Intelligance
s in this article may be difficult to understand without a background in the elementary concepts of game theory.In game theory, the prisoner's dilemma is a type of non-zero-sum game in which two playe ... players try to get rewards from a banker by cooperating with or betraying the other player. In this game, as in many others, it is assumed that the primary concern of each individual player ("prisoner ...
Subjects: Science Essays > Computer Science > Programming Languages
Prisoners dilemma
Subjects: Social Science Essays > Economics
Capitalism's Role in Unethical Behavior
ilemma."The prisoner's dilemmaThe "prisoner's dilemma" belongs to a branch of mathematics, known as game theory. It provides explanatory frameworks for understanding competitive behavior under conditi ... .Most business environments contain more variables and competitors than can be captured in a simple game theory framework, such as the Corporate Dilemma. Nevertheless, the primary objective of game th ...
Subjects: Businesss Research Papers > Management
PRISM case study
Subjects: Businesss Research Papers > Management
Econ written report
Subjects: Social Science Essays > Economics