Oligopoly and Game Theory

You may have noticed the discussion in Taylor (2014) at the end of
Chapter 10 about oligopoly and the prisoner’s dilemma. The prisoner’s
dilemma is an example of game theory. A “game” is like a board game, as
your optimal move depends on what your opponent does. The same holds
in oligopoly, as your own decisions as to what price to charge or how
much to produce depend on what your competitors do.

Take a look at the following video that tries to illustrate oligopoly and game theory through a Batman movie: https://www.youtube.com/watch?v=JMq059SAQXM

Module 3 Discussion

Contains unread posts

posted May 20, 2018 1:36 PM

Hello Class,

I believe that both the Batman video and the other video I found
helped explain the concept of game theory. According to Jacob Clifford
(2016), game theory is the “study of strategic decision making.”

Initially, I wasn’t able to think of any situations that game theory
is useful for. However, when I started to think about it, I may have an
example. As my example, I am the head coach for a basketball team who is
playing against their rival. Player A is the rival team’s best
offensive player while Player B is my best defender. However, he isn’t a
good free-throw shooter. The scenario I will use is when the game is
close with a couple of minutes left in the 4th quarter. The four options
are: sub Player B in when Player A is subbed in to limit his
effectiveness while having the risk of being intentionally fouled to
disrupt the rhythm of the team, don’t sub Player B in when Player A is
subbed in to not disrupt the rhythm of the team while risking Player A
to be effective, sub Player B in when Player A isn’t subbed in to bring
extra defensive help while having the risk of being intentionally fouled
to disrupt the rhythm of the team, or neither player gets subbed in to
avoid disrupting the rhythm of the team, but sacrifice better defense.

Personally, I found the math equations/computations we’ve used in
class to be easier to follow. I enjoy working with numbers so clear-cut
equations are my “friends.”

References

ACDCLeadership. (2014, Apr. 27). Oligopolies and Game Theory – EconMovies #8: The Dark Knight. [Video file]. Retrieved from https://www.youtube.com/watch?v=JMq059SAQXM

CrashCourse. (2016, Mar. 05). Game Theory and Oligopoly: Crash Course Economics #26. [Video file]. Retrieved from https://www.youtube.com/watch?v=PCcVO

Rubric Assessment

Rubric Name: MBA/MSHRM/MSL Discussion Grading Rubric – Timeliness v1

Criteria	Level 4 – Excellent	Level 3 – Proficient	Level 2 – Developing	Level 1 – Emerging
Quality of Initial Posting (first discussion only)	4 points Initial posting reveals a clear understanding of all aspects of the threaded discussion question; uses factual and relevant information; and demonstrates full development of concepts.	3 points Initial posting demonstrates legitimate reflection and answers most aspects of the threaded discussion question; full development of concepts is not evidenced.	2 points Initial posting demonstrates some reflection and answers some aspects of the threaded discussion question; Limited development of concepts is evident.	1 point Initial posting was not on topic; the response was unrelated to threaded discussion question; and post demonstrated only superficial thought and poor preparation.
Quality of Responses to Classmates	6 points Responded to the required number of students and to the professor, if appropriate, for every discussion. Demonstrated analysis of others’ posts; extends meaningful discussions by building on previous peer posts and offering alternative perspectives.	5 points Responded to almost all of the required students and to the professor, if appropriate, for every discussion. Provided comments and new information to other posts; not all responses promote further discussion of the topic.	4 points Responded to some students and to the professor, if appropriate, for every discussion. Little depth in response; agreed or acknowledged one other classmate’s initial posting.	3 points Did not respond to any student or the professor.
Reference to Supporting Readings/Information Literacy	3 points Refers to and properly cites either course and/or outside readings in both initial posting and responses to peers.	2 points Refers to and properly cites course and/or outside reading in initial posting only.	1 point Makes some reference to assigned readings with some citations or cites questionable sources.	0 points Makes no reference to assigned readings without citations or cites questionable sources.
Critical Thinking	4 points Demonstrates mastery conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are logically presented with appropriate rationale.	3 points Demonstrates considerable proficiency conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are presented with necessary rationale.	2 points Demonstrates partial proficiency conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are somewhat consistent with the analysis and findings.	1 point Demonstrates limited or poor proficiency conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are either absent or poorly conceived and supported.
Timeliness	3 points Initial post occurs in a timely manner (1 – 3 days into module) allowing ample time for classmates to respond and engage.	2 points Initial post occurs later (4 – 5 days into module) allowing limited time for classmates to respond and engage.	1 point Initial post occurs substantially late (6-7 days into module) allowing minimal to no time for classmates to respond and engage.	0 points Initial post occurs after the first week of the module.
Overall Score	Level 4 18 or more	Level 3 16 or more	Level 2 14 or more	Level 1 0 or more

Module 3, Week 1

Contains unread posts

posted May 23, 2018 7:11 PM

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I have watched a few of ACDCLeadership’s videos and have found them all corny, but easy to follow and learn from. I think the corniness of the videos helps the learning process. Rather listening to someone drone on about a potentially boring topic ACDCLeadership’s antics helped to keep my attention. I chose to watch a few different videos on concept of game theory to compare it to ACDCLeadership’s video. All were interesting, but I found myself starting to just listen to the other videos. A great example is about 1 minute into FLT Warwick’s video I started typing this narrative as the video played in the background. I find this topic interesting and could easily see how it can be useful. In the video Intro to Game Theory and the Dominant Strategy Equilibriumthe narrator talks about the prisoner dilemma, which shows that game theory can be used in numerous aspects of a person life. One simple example is using game theory to determine which investment firm would be best to use. I find game theory easier to use quickly as opposed to doing math equations/computations.

Clifford. 2014. Oligopolies and Game Theory- EconMovies #8: The Dark Knight. Retrieved from https://www.youtube.com/watch?v=JMq059SAQXM

Welker. 2012. Game Theory Intro The Prisoner’s Dilemma as a Model for Oligopoly Behavior – Jason Welker. Retrieved from https://www.youtube.com/watch?v=8-PVNLH_MpE

The Economic Detective. 2013. Intro to Game Theory and the Dominant Strategy Equilibrium. Retrieved from https://www.youtube.com/watch?v=3Y1WpytiHKE

I want to improve my design for an email template.  I attached a zip file with the html file and the images used in it.

I want the design to be simple, yet eye catching.  A design that makes people want to attend the meetings. 

Please make changes to the template provided, to improve its overall appearance.

I also need help with some things:

1.  I want the two red arrows pointing right to be closer together and maybe a little thicker.  I used an html code ” ❯ “, for the arrows.  They look fine in my text editor (see picture below), but when I view them on a web browser, they look different.  I would like them to look like the picture if possible.

2.  The text and light red box underneath the “Southern California Edison” section to be centered, like how it is in the photo.  When viewed on a web browser, this section is aligned to the right for some reason.

3.  The arrow above the “Become a Member” section to look more like the image attached below.  Also, I don’t want any white space around it to show.

4.  Fix the social media icons on the bottom to match the red/black theme.  Also, I want a good/creative way to display these icons.  If there is a better way to display them than how they are currently displayed.

5.  Lastly, I need an area on the bottom of the template where I can put info of the sender who sent the email.  Such as name, title, contact info.  I’m not sure how to display this.

 

Assignment 2: Nursing Theory Analysis Paper

Overview/Description:

The purpose of this assignment is to describe, evaluate and discuss application of a nursing grand or mid-range theory. This assignment also provides the learner an opportunity to connect theory and research to nursing phenomena. Learners will develop an 8-10 page paper (excluding the title page and references) using APA style to address the elements listed below.

Theory/Author Name and Background

1. Select a Grand or Mid-Range Theory that is appropriate to your practice setting.
2. Describe the theorist’s background in detail and discuss how their experiences have impacted the theory development.
3. Examine crucial references for the original and/or current work of the theorist and other authors writing about the selected theory.
4. Identify the phenomenon of concern or problems addressed by the theory.

Theory Description

1. Explain whether the theory uses deductive, inductive or retroductive reasoning. Provide evidence to support your conclusion.
2. Describe the major concepts of the theory. How are they defined? (theoretically and/or operationally) Is the author consistent in the use of the concepts and other terms in the theory?
3. Interpret how the concepts are defined. Implicitly or explicitly?
4. Examine the relationships (propositions) among the major concepts.

Evaluation

1. Identify explicit and implicit assumptions (values/beliefs) underlying the theory. On what assumptions does the theory build?
2. Examine if the theory has a description of the four concepts of the nursing metaparadigm. If so, how are they explained in the theory? If the metapardigm is not explained, what elements do you see as relevant to the theory and why?
3. Discuss the clarity of the theory. Did it have lucidness and consistency?

Application

1. Examine how the theory would guide nursing actions.
2. Describe specifically how you can use this theory in your area of nursing (Practice, Education, Informatics or Administration).

CRITERIA	WEIGHT
Theory/Author Name and Background: Select a Grand or Mid-Range Theory that is appropriate to your practice setting. Describe the theorist’s background in detail and discuss how their experiences have impacted the theory development. Examine crucial references for the original and/or current work of the theorist and other authors writing about the selected theory. Identify the phenomenon of concern or problems addressed by the theory.	20 20 20 20
Theory Description: Explain whether the theory uses deductive, inductive or retroductive reasoning. Provide evidence to support your conclusion. Describe the major concepts of the theory. How are they defined? (theoretically and/or operationally) Is the author consistent in the use of the concepts and other terms in the theory? Interpret how the concepts are defined. Implicitly or explicitly? Examine the relationships (propositions) among the major concepts.	15 15 15 15
Evaluation: Identify explicit and implicit assumptions (values/beliefs) underlying the theory. On what assumptions does the theory build? Examine if the theory has a description of the four concepts of the nursing metaparadigm. If so, how are they explained in the theory? If the metapardigm is not explained, what elements do you see as relevant to the theory and why? Discuss the clarity of the theory. Did it have lucidness and consistency?	15 15 15
Application: Examine how the theory would guide nursing actions. Describe specifically how you can use this theory in your area of nursing (Practice, Education, Informatics or Administration).	10 10
APA Style/Format: Free of grammatical, spelling or punctuation errors. Citations and references are written in correct APA Style.	20
Total:	225

The question is a discussion type question and should be answered in APA style format with a 200 minimum word count and a maximum of 500 words.

Use only the source that has been uploaded.

Harris, S. L. (2015). The New Testament: A student’s Introduction (8th ed.). Mcgraw- Hill Publishing.

QUESTION

The Church’s first Council (Conference, pp. 297-298) revealed some differences in ideas of ministry and mission between Paul and the Church in Jerusalem. What was the subject matter of the council? What were some of the differences in opinion? Do you think that the early church’s experience in dealing with these differences can be helpful for dealing with differences in the church today?

Background:

The defendant is a forty-year-old, single, black female charged with a first-degree assault. Specifically, she is alleged to have splashed liquid fire, a liquid drain cleaner, onto another woman’s face, thus incidentally splashing five bystanders. Per the court order you received, Ms. Tyler was referred some time after the alleged crime for evaluation of her criminal responsibility. Her competency to stand trial (CST) was also at issue. At the time of the evaluation, Ms. Tyler was being held at the Southern County Detention Center. You met with Ms. Tyler. The defendant was informed that the results of the evaluation will be released to the court and that the results may be used against her in the court. Ms. Tyler gave her written consent to be evaluated.

Psychosocial History:

Only limited information is available regarding Ms. Tyler’s background. She is a lifetime resident of the state. Her mother died of cancer at the age of seventy-nine years. Her father, L. Defendant, is eighty-four years old and is a retired farmer. Ms. Tyler has five living sisters, four living brothers, and two deceased siblings. Three of her sisters have received inpatient psychiatric treatment. One sister lives in Close Town, one in Europe with her husband who is in the military, and one sister died in a drowning accident. One brother committed suicide by hanging himself. There is no history of psychiatric problems among the other brothers.

Ms. Tyler has completed the tenth grade. She is literate. Ms. Tyler has worked on an assembly line for five years until 1988 when the factory closed. She then did an office-cleaning job. Her reasons for leaving this position are vague. She was unemployed for several years and was supported by her family. She lives in rent-free government housing. Her church pastor, A. Reverend, arranged for her to get employment at Helpful Industries through a vocational office at the State Psychiatric Hospital. She was employed at Helpful Industries for approximately two months prior to the incident. Ms. Tyler has never married. She has a thirteen-year-old son who lives with his father.

Psychiatric History:

Ms. Tyler denies any previous psychiatric treatment. Family members and individuals who know Ms. Tyler state that she has a long history of psychiatric symptoms such as loose associations and persecutory delusions. Ms. Tyler’s sister, Ms. Sister, reports that Ms. Tyler has been violent in the past, threatening her niece with a knife. Her emotional difficulties were also apparently common knowledge among her congregation. As stated above, Ms. Tyler has a positive family history for psychiatric illness. Ms. Tyler is currently on haloperidol, an antipsychotic medication.

Ms. Tyler denies any alcohol or substance abuse. She states that she has one previous arrest for prostitution in 1975. She spent six months in jail for this offense.

Report of the Crime:

When asked to report what happened, Ms. Tyler states, “It happened so fast, I just remember, I threw it on her. I didn’t mean to.” She continues, “I threw liquid fire on her. She always caused me trouble . . . She picked with me all the time . . . Sometimes she would step on my feet. I did not mean to do it, it happened so quick I did not understand myself. That morning when I went to church, I was standing by a table and she came over, starting trouble with me . . . Came over and said my name.”

Ms. Tyler was guarded in her responses, and at one point, she asked what the court would do with her if she said, “just didn’t know why I did it.” Her report conflicts with several eyewitness reports. All the eyewitnesses who were interviewed claimed that Ms. Tyler yelled at Ms. Mobly. Mr. Witness 1 states that Ms. Tyler approached Ms. Mobly and said, “I’m getting sick and tired of you picking on me every day at church.” He states that she then started splashing Ms. Mobly with the drain cleaner. Ms. Witness 2’s account is similar. She states, “As soon as Ms. Mobly entered, Ms. Tyler grabbed her purse and started throwing the solution on her saying ‘told you I was gonna get you. I’m tired of you getting me in trouble.'”

Ms. Witness 3’s report of the incident is also similar. Additionally, Ms. Witness 3 states that Ms. Tyler would frequently deny making threats when confronted with an issue, claiming that she did not make such a threat or did not remember making it. Ms. Witness 3 also states that Ms. Tyler reported experiencing auditory hallucinations telling her to get people. However, Ms. Tyler has consistently denied hallucinations.

Tasks:

In a 8- to 10-page report, analyze this case and address the following to the best of your abilities:

• What tests or assessments would you recommend to provide a comprehensive diagnostic assessment of Ms. Tyler?
• Provide diagnostic impressions based upon the case and the tests you have recommended. Provide an explanation or a rationale for how you arrived at this diagnosis.
• What are the psycholegal issues to be assessed? What are the standards used to evaluate these issues (i.e., discuss the relevant court decisions and holdings)?
• What tests should be administered and why? What is the empirical support for the tests you have suggested?
• What other information do you need to offer an opinion on whether Ms. Tyler is competent to stand trial?
• What other information do you need to offer an opinion as to whether Ms. Tyler met the legal criteria for insanity at the time of the offense?
• What outcomes do you expect will be reached by the court with regard to these issues and why?
• What are the potential ethical issues involved in this case? How would you resolve these issues?

Use resources from professional literature in your analysis. Professional literature may include relevant textbooks, peer-reviewed journal articles, and websites created by professional organizations, agencies, or institutions (.edu, .org, or .gov).