Think of an example of a decision problem or a game theory problem. Submit the source of the story. You can take it from a newspaper, from the Internet, magazine, book. Simplify the problem and represent it using the concepts of game theory or decision theory. Solve it. Compare your results with the real-life results. In case the results do not coincide, explain why. Which is the element that the theory does not reflect. Real life source is needed with a link to the source.
Think of an example of a decision problem or a game theory problem. Submit the source of the story. You can take it from a newspaper, from the Internet, magazine, book. Simplify the problem and represent it using the concepts of game theory or decision theory. Solve it. Compare your results with the real-life results. In case the results do not coincide, explain why. Which is the element that the theory does not reflect. Real life source is needed with a link to the source.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter10: Monopolistic Competition And Oligopoly
Section: Chapter Questions
Problem 13PAE
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Transcribed Image Text:Think of an example of a decision problem or a game
theory problem. Submit the source of the story. You can
take it from a newspaper, from the Internet, magazine,
book. Simplify the problem and represent it using the
concepts of game theory or decision theory. Solve it.
Compare your results with the real-life results. In case
the results do not coincide, explain why. Which is the
element that the theory does not reflect. Real life source
is needed with a link to the source.
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