Discussion: Organizational Models: Properties And Operating Environments
1. Game theory is a mathematical technique used to analyze the behavior of decision makers. Explain why economists use game theory. Give an example of a game theory that illustrates a case where individually rational behavior leads to a jointly inefficient outcome. Explain under what condition oligopoly firms may find themselves in a prisoner's dilemma.(150-250 words)
2. If you were going to send a colleague to India, what specific types cultural training would you recommend? .(150-250 words)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.