Question

Discuss how did you use concepts/knowledge in game theory to improve and facilitate the teamwork process in group essay assignment?

What type of strategies can you use individually or as a group to ensure successful teamwork?

Answer 1

Concept of game theory:-

Situations where each plan of action undertaken in the light of own belief and adopted by the decision makers are studied undrt 'game theory'.

Game theory generally analyzes human behavior. There are two main parts of Game Theory.

1. Non Co-operative game theory.

2. Co-operative game theory.

Use of Game theory:- Generally knowledge of common things is usually required in game theory. Each player or decision maker know the rules of game and each others utility function.

Facilitate the teamwork process in group essay assignment:-

In the teamwork process in group essay assignment game theory is very important tool for decision making process according to fluctuations in relevant field.Strategies for successful teamwork:-

Following strategies can be use for successful teamwork:-

1. Set the examples for the team.

2. Gain trust and respect among the team members.

3. Encourage their strenghths and qualities.

4. Maintain transparency.

5. Prepare organized team work.

6. Set the goals for the team.

7. Equal participation of all team members in decision-making.

8. Use of technology to get connected.

9. Regular team meetings.

10. Allow open discussion.

11. Regular feedback for each member.

12. Celebrate small achievements.