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
Find one other YouTube video on game theory and share the link with your classmates. Then discuss the following issues:
Finally, watch some of the game theory videos that your classmates found and give your comments on these videos.
Find one other YouTube video on game theory and share the link with your classmates. Then discuss the following issues:
Finally, watch some of the game theory videos that your classmates found and give your comments on these videos.
Criteria | ||||
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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. |
Initial posting demonstrates legitimate reflection and answers most aspects of the threaded discussion question; full development of concepts is not evidenced. |
Initial posting demonstrates some reflection and answers some aspects of the threaded discussion question; Limited development of concepts is evident. |
Initial posting was not on topic; the response was unrelated to threaded discussion question; and post demonstrated only superficial thought and poor preparation. |
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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. |
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. |
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. |
Did not respond to any student or the professor. |
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Refers to and properly cites either course and/or outside readings in both initial posting and responses to peers. |
Refers to and properly cites course and/or outside reading in initial posting only. |
Makes some reference to assigned readings with some citations or cites questionable sources. |
Makes no reference to assigned readings without citations or cites questionable sources. |
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Demonstrates mastery conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are logically presented with appropriate rationale. |
Demonstrates considerable proficiency conceptualizing the problem; viewpoints and assumptions of experts are analyzed, synthesized, and evaluated; and conclusions are presented with necessary rationale. |
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. |
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. |
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Initial post occurs in a timely manner (1 – 3 days into module) allowing ample time for classmates to respond and engage. |
Initial post occurs later (4 – 5 days into module) allowing limited time for classmates to respond and engage. |
Initial post occurs substantially late (6-7 days into module) allowing minimal to no time for classmates to respond and engage. |
Initial post occurs after the first week of the module. |
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Overall Score | ||||