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– Nelson Mandela

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The Maslow levels are as follows: Physiological needs: The most important necessities required for existence of human beings like a place to live, water, food, and so on. Safety needs: Physical safety...

Week 3a--Maslow's Hierarchy of Needs
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As per Plato the ideal form of government was better than the one that existed in Athens at that time. As per Plato people were not educated and had no idea how to run a society and that is they shoul...

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Before this week and this week’s readings, I thought the word globalization meant some sort of tin foil hat “New World Order”. Now I know, in a general sense, it is the shift toward integration of an...

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Unit 2D Discussion

Unit 2D Discussion

Q D.2.4.5 Discussion -Game Theory - Group C 2 From ECON-102-OMH-CRN55774 #1 Golden Balls- Split or Steal #2 Golden Balls- The Weirdest Split or Steal Ever! Need Help? • D.2.2.2 Advanced Explanations-Game Theory #1 • D.2.2.3 Advanced Explanation- Game Theory #2- Dominant Strategy- Nash Equilibrium Discussion Question: Watch both episodes of Golden Balls. Using your knowledge of of the concepts of Game Theory analyze the strategy of the two games. • Use Game Theory to analyze why the male player loses in clip #1. • Use Game Theory to explain what takes place in game #2 Need Help? • D.2.2.2 Advanced Explanations-Game Theory #1 • D.2.2.3 Advanced Explanation- Game Theory #2- Dominant Strategy- Nash Equilibrium Discussion Question Requirements: Each student is required to post a 150 word response to the question. The student then must post at least a 50 word response to at lease ONE other student post. Post-=4 points. Comment = 2 Points Submit Original Post by the Due Date. Comments are open for four (4) days after the Due Date or until the Available Until Date

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D.2.4.5 Discussion -Game Theory - Group C 2 John Von Neumann is credited with developing the game theory. It is a model that reflects making just decisions. There is a logical focus on results. The theory of games looks at how interactions between people with divergent interests will turn out. The game concept generally aims to clarify what the rational choice is for a person in a situation that is unsure and the outcome depends not only on the behavior but also the main work of the person and his nature. So it is best to choose a rational choice. A dominant strategy is one that will be effective or ideal for a player regardless of what others do, or more specifically, regardless of what strategy the competing players use. Players move repeatedly or consecutively in dynamic games.