What theory would predict that competing for resources, instead of cooperating for them, can lead to S, P, and D between groups? Value Differences O Intergroup Contact Social Dominance Orientation O Realistic Conflict
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- Only typed answer and don't use chatgpt Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one shot to reach an agreement. Management has the ability to announce what it wants first, and then the labor union can accept or reject the offer. Both players get zero if the total amounts asked for exceed $50. Which of the following is true? A There are multiple Nash equilibria. B ($25, $25) is a Nash equilibrium. C A Nash equilibrium is also a perfect equilibrium. D There are multiple Nash equilibria, and ($25, $25) is a Nash equilibrium.Q) Explain: In the manager-employee game (work-shirk), why manager and employee would play a mixed strategy? What happens if one of them plays a pure strategy? Note:- Solve it but not copy paste answer.Explain economic perspective in partnership formation
- Most automobile companies in the United States between 1970 and 1990 knew that Toyota was able to create and capture advantage over its competitors because of the way it works with its suppliers. This is an example of _____. Path dependence Social complexity Social Capital Early mover advantageConsider the following statement: “I examined the statistics for our basketball team’s wins last year and found that, when the third team played more, the winning margin increased. If the coach played the third team more, we would win by a bigger margin.” Which of the following applies to this statement? This statement exemplifies the post hoc ergo propter hoc (“after this, therefore because of this”) fallacy, whereby association is confused with causation. This statement is correct because third teams always win by larger margins in basketball games. This statement is correct. If the coach had played the third team more often, the winning margin would have increased. The statement is logical and exhibits no fallacy.You and a coworker are assigned a team project on which your likelihood or a promotion will be decidedon. It is now the night before the project is due and neither has yet to start it. You both want toreceive a promotion next year, but you both also want to go to your company’s holiday party that night.Each of you wants to maximize his or her own happiness (likelihood of a promotion and mingling withyour colleagues “on the company’s dime”). If you both work, you deliver an outstanding presentation.If you both go to the party, your presentation is mediocre. If one parties and the other works, yourpresentation is above average. Partying increases happiness by 25 units. Working on the project addszero units to happiness. Happiness is also affected by your chance of a promotion, which is depends on howgood your project is. An outstanding presentation gives 40 units of happiness to each of you; an aboveaverage presentation gives 30 units of happiness; a mediocre presentation gives 10 units…
- Game theory: Consider a collective action game with thirty individuals (N = 30). When the number of participants in the joint project is n, each individual, including shirkers, receives a benefit of B(n) = 18n and each participant incurs a cost of C(n) = 32 − 2n. 1. Find all of the Nash equilibria, both stable and unstable ones. 2. Find the socially optimal outcome. 3. Check if any of the Nash equilibria is socially optimal. Explain your answer.Based on the given Edgeworth box explain why there is no intrinsic trade-off between efficiency and interpersonal equity.While grading a final exam, an economics professordiscovers that two students have virtually identical answers.She is convinced the two cheated but cannot prove it. The professorspeaks with each student separately and offers the followingdeal: Sign a statement admitting to cheating. If both studentssign the statement, each will receive an “F” for the course. Ifonly one signs, he is allowed to withdraw from the course whilethe other student is expelled. If neither signs, both receive a “C”because the professor does not have sufficient evidence to provecheating.a. Draw the payoff matrix.b. Which outcome do you expect? Why?
- Game theory is a method of analyzing: the costs and benefits of a transaction. the situations in which there are interdependent outcomes. the factors that affect an individualos budget set. the relation between returns and productivity of factors.Prisoner's dilemma refers to Question 34Select one: a. how cooperation beween players leads to everyone losing. b. how cooperation can be difficult to maintain, even when all players would win. c. how consumers can maximize their surplus d. how self-interest generates higher profits.Choose the correct answer. A strategy AA is "dominant" for a player X if: A. Every outcome under strategy AA generates positive payoffs. B. Irrespective of any of the possible strategies chosen by the other players, strategy AA generates a higher payoff than any other strategy available to player X. C. Strategy AA is the best response to every strategy of the other player. D. Strategy AA contains among its outcomes the highest possible payoff in the game. E. Strategy AA is the best response to the best strategy of the other player.
