Game Theory and Best Decision Essay - 631 Words

Homework Assignment 1 Decision Analysis Questions 1-6 refer to the following A family business is considering making an investment in its manufacturing operation. Three decisions are under consideration: (1) a large investment; (2) a medium investment; and (3) a small investment. The business believes that there are three possible future outcomes for its product: (1) increasing demand; (2) stable demand; and (3) decreasing demand. The following payoff table describes the decision situation. |States of Nature | |Decision |Increasing Demand |Stable Demand |Decreasing Demand†¦show more content†¦5. If the business believes that the probability for increasing, stable and decreasing product demand are 0.4, 0.5, and 0.1, identify the best decision using the rule of maximum expected monetary value. |States of Nature |Show MoreRelatedGame Theory : An Integral Part Of Human Existence1570 Words   |  7 Pagesexistence. Individuals make strategic decisions every day; whether they are deciding who to spend their time with, what to offer in a trade, or how to accomplish something that they want. Game theory is the study of all strategic decision making. However, my paper is on the topic of algorithmic game theory, which is the application of game theory to algorithm design. â€Å"Algorithmic game theory is the area in the intersection of algorithm design and game theory whose goal is to design algorithms inRead MoreStrategic Behavior And Game Theory989 Words   |  4 PagesIntroduction Strategic behavior and game theory coincide together in many ways. Strategic behavior plans happen within the confines of game theory. Silva, Mota, and Gril (2015) describe game theory and all that is involved with it as â€Å"one of the most powerful tools within social science in general and economics† (p. 421). With this statement, a deeper look into the measures that sum up strategic behavior and game theory is essential for an understanding of a firm’s decision in the global economy. StrategicRead MoreGame Theory Essay823 Words   |  4 PagesGame Theory was said to have been introduced by Emile Borel in 1921. Borel was a French mathematician who published papers on the theory of games. From this standpoint and according to the article â€Å"Game Theory†, Borel could have been named the â€Å"first mathematician to envision an organized system for playing games† however; evidence has shown that Borel did not develop his ideas any further. This is the reason why most historians have given credit to John Von Neumann. Von Neumann was born in 1903Read MoreTaking a Look at Game Theory1231 Words   |  5 PagesGAME THEORY Introduction: Game theory is the study of strategic decision making, cooperation and conflicts. The concepts appear when the actions of several agents are independent. The agents are like groups, individuals, firms or any combination of these. These ideology of provides a language to formulate, structure, analyze, and strategic scenarios. Specifically, it is the study of mathematical models of conflict and cooperation between intelligent rational decision makers. This is mainly usedRead MoreJohn F. Nash s A Beautiful Mind Mathematician1448 Words   |  6 Pageson the theory of non-cooperative games, in other words John Nash received a Nobel Prize for his work in Game theory. Except for one course in economics that he took as an undergraduate, Nash had not any formal training in economics. John Nash had a Ph.D. in mathematics in 1950, but the Nobel Prize he received four decades later was for the contribution he made to game theory in his 1950 Ph.D. thesis. In his work, he introduced the distinc tion between cooperative and non-cooperative games. In non-cooperativeRead MoreA Study Of Computer System1581 Words   |  7 Pages Since 1987, a study of computer system to support clinical decision making has been proposed by Edward H. Shortliffe[5], with the rapid development of computer science, this approach is applied more and more often and not only in clinical situation. As a tool, computer system could be used to collect data, make statistics and calculation with no problem. According to Sprague study, Decision Support System has been defined[6]ï ¼Å' Decision Support system aims to gathering and store the knowledge-basedRead MoreThe Price Of Two Churro Stands At The Mount1717 Words   |  7 PagesInstead of games being done in matrices, extensive form games are done in the form of decision trees which are rather similar to binary search trees in data structures. So, if we were to recycle the Alice and Bob matrix from earlier, we could format it so that Bob’s chur ro stand would be the node of the game, and there would be two children that contain two choices: price churros at $4 or price churros at $4.50. Then the children on those children will have the payoffs. Another type of game would beRead MoreThe Theory Of Game Theory1616 Words   |  7 PagesGame theory is one to more complexed topics but reveals a clear understanding from different scholars. Don Ross explained that game theory is the study that interacts with the different choices of economics agents which bring forth many different outcomes with the point to the preferences of those agents, where the outcomes in question might have been intended by none of the agents (Ross, 2016). The properties that game theory considers in economic situations include two or more economic actorsRead MoreLords of War Simulation1402 Words   |  6 PagesThe Lords of War Simulation is best described by the neo-liberalist theory. Neo-liberalism best describes this game because it supports the ideology that everything humans do is in their own self interest. The theory also believes that people only cooperate with each other out of fear; actions of people playing Lords of War validate this theory. To succeed, neo-liberals need cooperation, institutions to mediate, as well as a fear of being defected on. Neo- liberals do not feel that humans are goodRead MoreStochastic Game Models Within Cyber Security- A Survey1651 Words   |  7 Pages Stochastic game models in cyber security- a survey Kandethody Ramachandran and Zheni Stefanova University of South Florida Department of Mathematics and Statistics Tampa, FL 33620-5700 Abstract The internet is an integral way of conducting daily business from government agencies to entertainers. Protection of attack, damage, or unauthorized access is necessary with the increase of mobile users, digital applications and data networks. A cyber-security problem can be viewed as a conflict-resolution

Is A College Education Important - 957 Words

Is having a college education important? What is the value of a college degree? What does society say? The intent of this paper is to discuss arguments regarding whether or not college degrees are worthwhile or even necessary. Going to college after high school is a choice. Most parents want their child to go to school and obtain a college degree because they think with a college degree their child will go far in life and have a better life. Most people recognize the importance of attending college. At one point in my life I thought I would never be able to go to college because of my background and finances that posed an enormous problem. However, I have now been given the opportunity to obtain an education, but it is up to me if I†¦show more content†¦About one hundred years ago, the richest and most successful man in the United States, Andrew Carnegie, thought a college education was very unnecessary and not only that, he also thought that a college education was actually detrimental for young adults. As he remarked in the same article, â€Å"A college education unfits rather than fits men affairs.† At that time in United States history, only four percent of young adults attended college . If you look at the United States today, a much higher percentage of young adults will most likely attend college after graduating high school. Society has evolved over the years. Previously, society was very different than today. In 2013, people who enrolled to a four-year institution totaled14 million. The number of enrolled students is expected to jump to 20 million the next few years. Some are older students, and 70 percent of them are young adults that attend college right after high school, This number is up significantly from the 1970’s and 80’s, according to Gallup Poll News Service. About two thirds of high school students do believe going to college after high school is their best choice. Just like you eat dinner at the house and you automatically clean afterwards, perhaps the same expectation could be said for going to college automatically after you finish high school. However, there are current day people who also believe college degrees are not always necessary. According to Billitteri in CQ Researcher,

The Dead of the Night free essay sample

The best novels stand the test of time, providing the reader with an interesting story as well as conveying important themes and ideas† In John Marsden’s sequel to â€Å"Tomorrow When the War Began†, set in rural modern day Australia, comes his second novel of seven â€Å"The Dead of the Night†. John Marsden’s â€Å"TDOTN† has stood the test of time, by providing the readers with an interesting story as well as conveying important themes and ideas. We will write a custom essay sample on The Dead of the Night or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The themes and ideas of â€Å"Death and Destruction†, â€Å"Relationships and Friendships† and â€Å"Warfare and Survival†, are used to convey important messages to the readers, by relating back to the teenagers life, and teenage audience. Using narrative told in first person narration by teenager Ellie, Marsden reinforces this by using styles and techniques such as Humour and Juxtaposition, to convey important messages to the readers and teenage audience, thus making the novel an interesting story, and withstand the test of time, by conveying important themes and ideas. The theme of Death and Destruction is discussed in the novel â€Å"TDOTN†. The first encounter with Death and Destruction was the incident in Butter Cup Lane (Ch4). While the group was hiding in Butter Cup Lane to ambush a convoy of soldiers, a foot patrol of soldiers went to urinate in the bushes right where Homer and Chris were hiding. Homer grabbed a shot gun and shot the soldier, wounding him. â€Å"Jesus help me without thinking about it, I deliberately pulled the trigger† – pg 60 Ch4. Ellie is quoting that she didn’t want to think about putting the wounded soldier out of his misery, because she was afraid that she may back out if she logically contemplated this idea through and through her mind. Marsden uses Ellie’s train of â€Å"no thought† to convey important messages to the readers for the reason that many teenagers also do the same with their actions and don’t think things through appropriately. This is how John Marsden, uses the theme of â€Å"Death and Destruction† to make his novel withstand the test of time, by providing the reader with an interesting story as well as conveying important themes and ideas. The theme of â€Å"Relationships and Friendships† is also discussed in the novel, â€Å"TDOTN†, the initial encounter of relationships and friendships was when Homer declared a group meeting in the first chapter, to get the group back n track. The meeting helped the group come together as one again, after they were feeling sorry for themselves, for abandoning Kevin and Corrie. â€Å"We’ve spun our head for weeks. We’ve been upset and we’ve been scared. It’s time for us to take charge of our heads again, to be brave again to do the things we have to do† – pg 8-9 Ch1. This means that the group has been moping around for a very long time. They have been upset and scared of what lies ahead of them. Homer, who seems to be taking on a leadership role, says that it’s time for them to get back on track. To find Kevin and Corrie, and to see if any other guerrilla groups exists like them. Marsden conveys important themes and ideas, through the theme of â€Å"Relationships and Friendships†, making it an interesting story, because teenagers are also experimenting with their friends and relationships too, just like Ellie and Lee, and this makes teens question whether they’d in fact do the same for their own friends. John Marsden uses the current day to day dramas, to provide his readers with an interesting novel, in the way that the teenagers deal with their problems in their circumstances and conditions. This illustrates that â€Å"TDOTN† can withstand the test of time, providing the readers with an interesting story as well as conveying important themes and ideas. Marsden’s novel â€Å"TDOTN† can stand the test of time, by providing the readers with an interesting story as well as conveying important themes and ideas, through the theme of â€Å"Warfare and Survival†. Issues of these circumstances, include surviving the attack on Harvey’s Heroes, living in Hell and surviving all the staking and hiding out all over Wirrawee. One specific incident which highlights this theme is Butter Cup Lance. The teenagers before they attack the convoy of soldiers sit down and play their tactics and discuss what will happen and the procedures if something goes terribly wrong. Their dialogue and speech also shows their fear of the war and their survival instincts. â€Å"And suppose a patrol had jumped us? Suppose we’d been caught with sawn off shot guns? We’d all be put up against a tree and shot and you’d have 5 peoples blood on your hands† – pg 92. Ellie is yelling at Homer, because he had gone against the group and what they’d agreed upon and brought the shot guns anyway, this jeopardising their own survival. In addition to this Homer has broken their trust and put their survival at stake, this relates back to teenagers for the reason that friendships are built on trust. This is how Marsden uses the theme of â€Å"Warfare and Survival† to convey important themes and ideas, and provide the readers, with an interesting story, thus making â€Å"TDOTN† stand the test of time. In â€Å"TDOTN† Marsden uses the narrative structure of first person narration to effectively provide the reader with an interesting story, as well as allowing â€Å"TDOTN† to stand the test of time. Marsden uses Ellie’s own words and experiences to convey her feelings and emotions to the readers by using the authentic voice of a seventeen year old female. Ellie uses â€Å"I, we† and slang and colloquial languages, to tell her story. A good example of this is when Ellie is bringing everything up to date at the end of the novel on pg 270. â€Å"The only thing that I have to write to bring this up to date is about Chris. And what I put won’t be very logical. I’m so mixed up with my feelings about it all. † The narrative also follows the structure of intertwined action, storyline and drama. Ellie sometimes gets off track with future endeavours and ideas. This is how Marsden used first person narration to provide the readers with an interesting story, by using the authentic voice of a seventeen year old female, therefore making the novel stand the test of time. The techniques of Humour is exercised in the novel â€Å"TDOTN†, by breaking the tense atmosphere with humorous instances, to provide the reader with an interesting story, thus making â€Å"TDOTN† stand the test of the time. There are numerous examples which implement Humour in the novel. One of them being, when Major Harvey from the Harvey’s Heroes campsite was introducing his second in command, â€Å"Captain Killen† (Punn) to the teenagers. â€Å"In a few moments I will introduce to you my second in command, Captain Killen† – pg 109. Marsden used a Punn (form of Humour) to play on the words of the second in commands name. Another example was when the group walked into Major Harvey’s tent for the first time, and was shocked to discover how big and luxurious it was. â€Å"Major Harvey’s tent was so big by our standards† – pg 106. The teenagers were also shocked to discover that Major Harvey slept with a mosquito net. â€Å"Bit of a luxury that; â€Å"Fact is, I’ve got rather sensitive skin† – pg 106. Marsden uses Humour to provide the readers with an interesting story, by lightening our mood; he uses Punn and Humour to make fun of Major Harvey in the way that he is meant to be a tough leader/soldier and this shows the complete opposite of him. It shows that Major Harvey is high maintenance. This is how Marsden illustrates Humour in â€Å"TDOTN†, by providing the reader with an interesting story, thus withstanding the test if time. John Marsden also uses the style and technique of Juxtaposition to provide his readers with an interesting story, by comparing Harvey’s Heroes efforts, to the group of teenagers in the war. â€Å"Huh! Some of them are weird! They entertained me for hours last night, telling me what heroes they are. Seem like their biggest thrill was setting fire to a truck that had been broken down. They’d seen the soldiers leave it there and drive off in a Ute, so danger level was two on a scale of nought to a hundred† – pg 114-115. Ellie and Homer find this funny because Harvey’s Heroes is a co-ordinated group of ADULTS not teenagers, and the group have dealt much more damage than Harvey’s Heroes. Marsden compares the teenagers in Hell to a group of animals, feeding, collecting food, doing it tough and hiding. â€Å"Burrows among the rocks†, â€Å"Running wild in the night†, Ellie quotes that they are acting like nocturnal animals. Marsden uses Juxtaposition to provide his readers with an interesting story, between our group of teenagers and their successes in the war compared to Harvey’s Heroes. This illustrates that â€Å"TDOTN† can withstand the test of time. In conclusion â€Å"TDOTN† can stand the test of time by providing the reader with an interesting story as well as conveying the reader with important themes and ideas. Marsden does so by using the important themes and ideas of â€Å"Death and Destruction†, â€Å"Relationships and Friendships† and â€Å"Warfare and Survival†. John Marsden uses styles and techniques of first person narration, Humour and Juxtaposition to bring an interesting story together as well as to convey important themes and ideas to the readers. Therefore this illustrates that John Marsden’s â€Å"The Dead of the Night† can stand the test of time.

Middle East History - Jerusalem Essays - Jerusalem District

Middle East History - Jerusalem Elizabeth Cavness Period E Middle East History Jerusalem The conflict in Jerusalem is rooted in religious, political, and historical aspects. As a center for the worlds three major religions, with a history of political divisions and borders, as well as historical claims to the territory, it calls for a peaceful coexistence and sensitive diplomacy which will enable an accepted agreement. Jerusalem is a prize which, for thousands of years, has been fought over. Israeli's and Palestinians live side-by-side in the Old City, each claiming that Jerusalem belongs to them. There is no judgment that can be given, there is no right or wrong answer to the problem. For this issue to be solved, both sides must give concessions to each other, and truly feel the need for peace and friendly diplomacy in Jerusalem. The Torah, the most sacred Jewish text, claims that Jerusalem is the ancestral home of the Jewish people. The Torah says that the land was given to Abraham, the Jews patriarch, and his descendent as a birthright for his faithfulness to God. In 1000 BC, David, the Jewish king, established Jerusalem as his capital, and his son, Solomon, built a temple in the city for the Jewish people. Four centuries later, the Jews were conquered and forced into exile. They would not return to Jerusalem until the founding of modern Israel in 1948. During the Roman occupation of Palestine, Jesus was born in the city of Bethlehem. For Christians, Jesus is the Son of God, and the Messiah. Because of his religious beliefs, he as crucified near Jerusalem, and three days later, was resurrected. Tradition holds that the tomb was where the Church of the Holy Sepulcher is today. The Holy Land gave birth to the faith of Christianity. Shortly after the death of Mohammed, the man who established Islam and whom Muslims believe to be the prophet of Allah, the Muslims conquered Jerusalem. Muslims, too, claimed a rightful ownership of the land. They believe that they have an inheritance connection to the patriarch, Abraham, through a different lineage. Jerusalem holds incredible religious significance for the Muslims. Ten years before his death, Mohammed traveled to Jerusalem, where he then rose to heaven to speak with Allah directly. The Muslim people built the Dome of the Rock on top of the Temple Mount in honor of Mohammed's journey to the heavens. The Dome of the Rock is considered the third-holiest sight in Islam. At the base of the Temple Mount is the Western Wall, the holiest sight in Judaism. And less than a mile away is the Church of the Holy Sepulcher, the site of Christ's burial and resurrection. The struggle for ownership of the city intensified many years later at the end of the war, when Britain had total control of Palestine. The Balfour Declaration issued in 1917, included in the British mandate of Palestine, called for the idea of a Jewish homeland in Palestine. However, the Arabs believed that Palestine would be created an independent state by helping the British in the campaign against the Ottoman empire. Unfortunately, the British did not include this in their plans. They did set up a separate Arab state in 1921, which is now Jordan. However, the remainder of the Palestinian territory wished for independence. After World War II, Holocaust survivors flooded into Palestine and Jerusalem, and a partition by the United Nations was established.In November 1947, the British mandate ended, and Palestine was partitioned into Jewish and Arab states with Jerusalem as an international city. The Arabs did not agree to this plan, as they were intent on preventing any Jewish control in the area. However, Israel defended itself, and by 1949, it had joined the United Nations, and been recognized by more than 50 governments around the world. In a series of ?battles? in 1949 with Egypt, Jordan, Syria, and Lebanon, Israel established borders like those of Palestine during the British mandate. In 1967, the Six-Day War, Israel launched an attack against Egypt, Syria, and Jordan. Israel defeated all three, taking the Sinai and Gaza from Egypt, the Golan Heights from Syria, and the West Bank from Jordan. In 1979, the Sinai was returned to Egypt, and a peace