ECN 601 Grand Canyon Week 5 Complete Work (June 2016)
ECN 601 Grand Canyon Week 5 Discussion 1 (June 2016)
Read “7 Easy Ways to Use Game Theory to Make Your Life Better,” by Duronio. Reflect on your personal life experiences. Discuss a time you have used game theory in your life to earn money or save money. Did you realize you were implementing game theory in the situation? How did the outcome benefit you at that moment and in the future?
ECN 601 Grand Canyon Week 5 Discussion 2 (June 2016)
Read “Game Theory Explained,” located on the PBS website. Discuss your perspective on the use of game theory. How do “Nash Equilibrium” and the idea of one “player” impacting another “player” within an organization affect the economic decisions and growth of an organization?
ECN 601 Grand Canyon Week 5 Assignment (June 2016)
Chapter 15 Problem
Locate Group Problem G15-1: Strategic Game at the end of Chapter 15 in Managerial Economics: A Problem Solving Approach.
Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interactions in order to gather necessary information. Use the observation information to complete all parts of the question presented in the problem. Your response should be 500-750 words. Please include the diagram required in the problem.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.