Question

In business, sports, politics, and many other fields there are probably countless situations akin to the prisoner's dilemma where players acting in their own self-interest do not produce an ideal outcome. Likewise, some player dynamics also illustrate other game theory concepts like a game of chicken, credible threats/commitments, and other similar concepts. Use at least one article from The Wall Street Journal to discuss a strategic situation between players that resembled or used any of the concepts above. What could have any of the players done differently to achieve a better outcome?

Answer 1

SOLUTION:-

* The Wall Street journal has a 80% of mail subscriber.

* It has a target that young women in its campaign of advertisingwhich portraited a female protagonist with lost of ambitions without wasting time.

* Players acts as a strategic maker of decisions with reference to the game.

* Strategy involves the entire plan involving all actions in which players will act at the different circumstances which will arise during the game.

* In the game there arises a point where all the players have formulated their decisions and reached to an outcome.

* Sometimes different strategies are combined to form a strategy profile which must be present for every player.

* In the games where movement of a playeris totally dependent on the other players then Indore situation it is mandatory that both teh player must be well known about the situation and know what and how they should perform.

* There of some actions which lead to greater payoff for any player which is regardless of any other players act.

* This offers in the situation of dominant strategies.

* Basically in a game the players make SIP plan or setting which may or may not work during the actual game.

* The outcome of the results of the game really depends on the actions performed by the player during the game.

* Strategies of the player can change from time to time depending on the game situation.

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