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In a game with two players, the Nash Equilibrium can be defined as a point, where no player has an incentive to change their behavior. So, in the Nash Equilibrium, each player has the maximum payoff g...

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The HR manager must employ strategies like inclusion of new types of technology (Mello, 2019). This is because such a move can make employees feel enthusiastic to work with excitement to learn about n...

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D.2.4.5 Discussion

D.2.4.5 Discussion

Q Play media comment. #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 How to Participate and Answer Discussion Questions

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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.