Game theory is used to describe possible managerial decisions in the oligopoly market. You will distinguish among dominant, secure, Nash, mixed, and subgame perfect equilibrium strategies. You will identify whether collusive outcomes may be supported as a Nash equilibrium in a repeated game.
Learning Outcomes
Upon successful completion of this module, you will be able to:
Apply normal from and extensive form representations of games to formulate decisions in strategic environments.
Distinguish among dominant, secure, Nash, mixed and subgame perfect equilibrium strategies.
Identify whether cooperative (collusive) outcomes may be supported as a Nash equilibrium in a repeated game.
Be sure to complete all Introduction, Learn, and Apply items in Module 5: Week 5 – Game Theory: Inside Oligopoly by 11:59 p.m. (ET) on the assigned due date. Use the Modules link on the left side of the screen at any time to view your progress in the course.
Reading for this Week Includes:
Read & Interact: Baye & Prince:
Read: Chapter 10 Game Theory: Inside Oligopoly
Watch: BUSI 620 Fall C 2020 Week 5 SI Session
“There is no evidence that over time, immigrants reduced wages, lowered the liv
due Feb 10
Respond to the charge that immigrants flood the labor market and drive down wages in the U.S.
Additional information:
“When a foreigner resides among you in your land, do not mistreat them. The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God” (Leviticus 19:33–34, NIV).
“There is no evidence that over time, immigrants reduced wages, lowered the living standards of the resident population or raised unemployment rates.” — John Stapleford, Bulls, Bears, and Golden Calves. IVP Academic (p. 227)
Please review the Discussion Assignment Instructions Download Discussion Assignment Instructions Prior to posting. You may also click the three dots in the upper corner to Show Rubric.
Post-First: This course utilizes the Post-First feature in all Discussions. This means you will only be able to read and interact with your classmates’ threads after you have submitted your thread in response to the provided prompt.
Submit your thread by 11:59 p.m. (ET) on Thursday of Module 5: Week 5.
DISCUSSION ASSIGNMENT INSTRUCTIONS
Discussions are collaborative learning experiences. Therefore, the student will be presented with
Questions in Discussions. The student is required to answer the question in each Discussion with
At least 1 citation in the current APA format. Each Discussion thread must be at least 300 words. Include one biblical scripture that lines up with the assignment and cite it in the reference. Also following what the highest grade of the rubric is telling one what all should be in the writing.
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