Solution to Tutorial 1 2011/2012 Semester I MA4264 Tutor: Xiang Sun∗ August 24‚ 2011 Game Theory 1 Review • “Static” means one-shot‚ or simultaneous-move; “Complete information” means that the payoff functions are common knowledge. • Normal-form representation: G = {S1 ‚ . . . ‚ Sn ; u1 ‚ . . . ‚ un }‚ where n is finite. • si is strictly dominated by si ‚ if ui (si ‚ s−i ) < ui (si ‚ s−i )‚ ∀s−i ∈ S−i . • Rational players do not play strictly dominated strategies‚ since they are always not
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In this essay I aim to describe two theories (Equity Theory and Social exchange theory) of relationships and to consider how they might influence the therapist engaged in couples counseling‚ noting their similarities and differences. Equity theory is a theory about fairness. Its application to close relationships has been primarily advanced by Elaine Hatfield (previously known as Elaine Walster) and her colleagues in the book Equity: Theory and Research (Walster‚ Walster‚ and Berscheid 1978). The
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Research Essay (Essay Plan) 1. Outline classical theories of motivation and illustrate their application in different business situation. Discuss their usefulness to the 21st century business manager. Part 1: Introduction * (Why) are theories of motivation still relevant to the 21st century business manager? In today’s market‚ organizations always put pressure on enhanced communication‚ globalization and improved technology to find variety of ways of winning business. (Dransfield‚ 1996:
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condition and consumer equilibrium under both cardinal and ordinal utility theory are identical. They both assume that the consumer is rational. Consumer equilibrium‚ under cardinal utility theory‚ is achieved when the sufficient condition is met. That is‚ the total expenditure is equal to the consumer’s income. If a consumer is assumed to consumes two commodities only X and Y‚ then: Utility is a function of Y and X; U = f(X‚Y)…………………………..i Let the price of the two commodities be Px and Py respectively
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Compare famous Three Trait Theories The trait approach to personality is focused on differences between individuals. The combination and interaction of various traits forms a personality that is unique to each individual. Trait theory is focused on identifying and measuring these individual personality characteristics. Gordon Allport’s Trait Theory: A generalized and focalized neuropsychic system (peculiar to the individual)‚ with the capacity to render many stimuli functionally equivalent‚ and
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The Comparison between Psychodynamic and Humanistic Theory There are very distinct differences between Psychodynamic and Humanistic Counselling but both ultimately offer the help and guidance to discover why we act the way we do and why we make certain choices in our lives. Throughout this essay‚ I will endeavour to explain those major differences and you will see that despite these completely different methods of therapy‚ depending on what the problem maybe‚ they can both work very effectively
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Abstract: This study looks at the relation between recidivism and the labeling theory. The study examines what the ideas of the labeling theory are and how they relate to the modern justice system. Prison populations have skyrocketed since the beginning of the 1980s. This paper analyzes how this number has grown along with how labeling theory identifies how the community operates along with individuals. The research collected the effect the current society’s labels are on the first time offenders
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Maslow Concept of human needs Difference people got difference need ‚we have to know that the worker in which level in the hierarchy so that we can give what he want to motivate them .It is based on what the workers need. what he want ? we just give it as motivator Hierarchy factors need For maslow ‚there have a hierarchy with 5 lvl .a people will satisfied the level one by one according this hierarchy. the people will satisfied with the lower level and jump to the higher level until they reach
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Kinetic theory (or the kinetic or kinetic-molecular theory of gases) is the theory that HYPERLINK http//en.wikipedia.org/wiki/Gasgases are made up of a large number of small particles (HYPERLINK http//en.wikipedia.org/wiki/Atomatoms or HYPERLINK http//en.wikipedia.org/wiki/Moleculemolecules)‚ all of which are in constant‚ HYPERLINK http//en.wikipedia.org/wiki/Randomnessrandom HYPERLINK http//en.wikipedia.org/wiki/Motion_(physics)motion. The rapidly moving particles constantly collide with each other
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1. INTRODUCTION Motivation is an important element in organizational learning due to its ability to enable employees to function effectively. There are several theories of motivation which can be useful to managers in motivating employees of organizations. You may ask yourself what motivation is. Well‚ motivation is that drive you have within you to get something done‚ what drives you to work as much as you do‚ for example‚ a student will want an A in a test‚ he will be motivated to study hard and
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