Prezi slides: View slides here (opens in a new window)
2. Sequential-Move GamesConcepts: Depicting a game; dominant and dominated strategies; Nash equilibrium; games with multiple equilibria; equilibrium selection; mixed strategies;Games: Grade Game; Prisoner's Dilemma; Battle of the Sexes; Stag Hunt; Tennis; Volunteer's Dilemma.Read: Dixit and Nalebuff, chapters 3 & 7.
3. Repeated GamesConcepts: Games Trees; backward induction; first-mover advantage; second-mover advantage; simultaneous-sequential games; cheap talk.Games: Investment Game; Prisoner's Dilemma; Matching Pennies; Chicken!Read: Dixit and Nalebuff, chapters 2, 5, & 6.
Concepts: xxxxGames: Repeated Prisoner's Dilemma.Read: Dixit and Nalebuff, chapter 4.
Due dates will be announced one week in advance in class.1. Homework 5 (not for Spring 2012)
1. Rothschild, R (1995): Ten simple lessons in strategy from the games firms play. Management Decision; 33(9):24-29 (see attachment below).
If you should be so inclined . . . .
1. Manning, R.; Levine, M; Collins, A. (2007): "The Kitty Genovese murder and the social psychology of helping; The parable of the 38 witnesses." American Psychologist 62: 555-562.
The story of Kitty Genovese as an example of the volunteer;s dilemma is remarkable, not only because it is horrific, but also because it is probably not true. This paper, reviews the tragic story. Because of the layout of the complex and the fact that the attacks took place in different locations, no witness saw the entire sequence of events. Most only heard portions of the incident without realizing its seriousness, a few saw only small portions of the initial assault, and no witnesses directly saw the final attack and attempted rape in an exterior hallway which resulted in Genovese's death.The authors conclude that the story is more parable than fact, largely owing to inaccurate newspaper coverage at the time of the incident: "The [inaccurate] story of the circumstances surrounding Genovese's death 'continues to inhabit introductory social psychology textbooks (and thus the minds of future social psychologists)."
A corporate reputation is a set of attributes ascribed to a firm, inferred from the firm's past actions. While the intuition behind reputation-building is hardly new, recent research has formalized the concept. We review this research and then, using examples, illustrate some of the strategic behavioral implications of these formal models.