Using Game Theory to explain, would you be likely to tip differently at the café next to your office than you do at the one at which you stop on your summer vacation to Yellowstone?© BrainMass Inc. brainmass.com October 25, 2018, 4:49 am ad1c9bdddf
Before you answer this question, the first thing you may want to do is understand the definition of "game theory." Game Theory has a series of definitions depending on the field in question, which may either be psychology, mathematics, economics or otherwise. For the purposes of this discussion however, we are concerned with the economic definition. Note the following:
"Game Theory is a set of concepts aimed at decision making in situations of competition and conflict (as well as of cooperation and interdependence) under specified rules. Game theory employs games of strategy (such as chess) but not of chance (such as rolling a dice). A strategic game represents a situation where two or more participants are faced with choices of action, by which each may gain or lose, depending on what others choose to do or not to do. The final outcome of a game, therefore, is determined jointly by the strategies chosen by all participants. These are also situations of uncertainty because no participant knows for sure what the other participants are going to decide." (Source: ...
This solution first provides you with an economic definition of Game Theory. It then tells some economic scenarios which Game Theory considers before looking at whether it is likely for one to tip differently at the cafe next to your office than you do at the one at which you stop on your summer vacation to Yellowstone (in light of Game Theory). Solution is adequately referenced.
Middle, Late Childhood, and Adolescence
By selecting elements from Vygotsky's and Piaget's theories, please create an ideal theory relating to the IMPORTANCE OF PLAY that explains the major developmental factors related to middle childhood, late childhood, and adolescent development.
Please be sure to include the a description of the theories from which you selected your elements, discuss how each element works together to create your ideal theory. Include your rational for selecting these elements. If you believe that the current theories have major gaps be sure to address them.
Please provide examples in terms of development during this phase to illustrate the points of your theory. Please provide examples in terms of development during this phase to illustrate the points of your theory.View Full Posting Details