Discussion: Let’s Talk Game Theory

Oligopoly & Game Theory

In simple terms, game theory is all about strategic interactions and predicting outcomes. Put that together with an oligopolistic market and you have got economists excited and ready to run scenarios. Luckily, game theory has applications beyond oligopoly.

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Module 3 Discussion Week 1 Resources

Game Theory Applications to Oligopoly (2021)
Sauer: What Game Are You Playing? (2020)
The Most Notable Oligopolies in the US (2021)
Pandemic: Will The Future Lead To Creating New Allies And Better Co-Operation Between Nations And Companies (2020)
The prisoner’s dilemma: To cheat or not in online classes? (2020)

Week 1 Discussion Post

Based on the resources provided or your research, provide a compelling argument about how game theory can be used in your career or profession. (Research Support Required)

This post should be 2 paragraphs in length (150-200 words). Since you are engaging in research, be sure to cite in the body of the post and add a reference list in APA format. NOTE: failure to use research with accompanying in-text citations to support content will result in reduced scoring “Level 2-Developing” on the grading rubric.

WEEK 1 INTERACTIVE RESPONSES TO CLASSMATES

1st Interactive Response:

  • Analyze one student’s discussion and compare/contrast it to your post.

2nd Interactive Response:

  • Analyze another student’s use in a specific industry and compare/contrast to how it is used in your discipline.

Each reply should be one paragraph in length (or about 75 words) and must be substantive. Do not simply say “I agree” or “That is great”; specify why and be detailed in your explanation. You may use research in your responses, but it is not required.

Collusion & Game Theory

Employing economic concepts at a professional level should be a goal. Learning about theories is made more valuable when applications are involved.

Module 3 Discussion Week 2 Resources

Oligopoly, Collusion, and Game Theory (2021)
Cartel Example (2021)
Collusion and Competition (2021)
The Chicken Game – Russia And Saudi Arabia’s War On Oil Prices (2020)
The Bear, the Bull and the Wolf: a 2020 Economy Fairytale (2020)

Based on your research, present a news article that discusses collusion and game theory. Provide a brief description. Rate the ease of understanding of the article’s content. (Research Support Required)

Be sure to provide a hyperlink to the article. Do not use the examples provided.

This post should be 2 paragraphs in length (150-200 words). Since you are engaging in research, be sure to cite in the body of the post and add a reference list in APA format. NOTE: failure to use research with accompanying in-text citations to support content will result in reduced scoring “Level 2-Developing” on the grading rubric.

WEEK 2 INTERACTIVE RESPONSES TO CLASSMATES

1st Interactive Response:

  • Analyze the article presented by one classmate and assess how easily it can be understood by the general public.

2nd Interactive Response:

  • Analyze the article presented by another classmate and assess how easily it can be understood by the general public.

Each reply should be one paragraph in length (or about 75 words) and must be substantive. Do not simply say “I agree” or “That is great”; specify why and be detailed in your explanation. You may use research in your responses, but it is not required.

In your own words, respond to the discussion and comments of classmates. Grades will be based on effectual, concise, and interactive feedback. The excessive use of quotes will directly impact performance since this indicates a lack of comprehension and shows that you may not have mastered the concepts.

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