Human Resource Management

Can we say what these two operatic characters will do if all we assume is that they are rational?

Can we say what these two operatic characters will do if all we assume is that they are rational? Can we say what these two operatic characters will do if all we assume is that they are rational? Well, con- sider Tosca. If Scarpia chooses real, then Tosca’s payoff from choosing stab is 2 and

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Is it reasonable to assume that people act only in their self-interest?

Is it reasonable to assume that people act only in their self-interest? Does this assumption mean that people are selfish? Although rationality does mean pursuing your own interests, it places few restrictions on what those interests might be. It can encompass Ebenezer Scrooge either before Christmas Eve— when all he cares about is money—or after

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How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?

How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth? —SHERLOCK HOLMES IN A STUDY IN SCARLET, BY ARTHUR CONAN DOYLE 3.1 Introduction IN CHAPTER 2, WE LEARNED how to construct a game, in both the extensive and strategic forms. But having built

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Write down the strategic form game for the extensive form game in FIGURE

Does the game have to be factually accurate? If our objective in formulating and then solving a game is to understand be- havior, then what matters is not what is factually or objectively true, but rather what is perceived by the players. Their behavior will be driven by their pref- erences and what they believe,

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Of course, here we are talking about an abstraction, for is anything ever truly common knowledge?

Of course, here we are talking about an abstraction, for is anything ever truly common knowledge? Even if we’re sitting beside each other watching tel- evision, and a weather bulletin flashes along the bottom of the screen, am I sure that you saw it? Probably. But can I be sure that you saw me watching

Of course, here we are talking about an abstraction, for is anything ever truly common knowledge? Read More »