...1. In a symmetric model, team 1 and team 2 would invest money until they reach Nash equilibrium and their profits are maximized. Since this model is a symmetric model, both teams have the same incentive to win and therefore at equilibrium it can be assumed that win% for team 1 will equal the win% for team 2. Knowing these givens and the equation given, profits for team 1 can be found as followed: π1 = Vw1 – t1 → V(2-g)/4 π1 = (500)(2-.5)/4 π1 = 187.5 The profit can then be plugged back into the initial equation to determine team 1’s investment: π1 = Vw1 – t1 The win percentages for both teams will be .5 because .5 + .5 = 100% in a symmetric model 187.5 = 500(.5) – t1 t1= 62.5 Since this is a symmetric model, it is assumed that the investments and profits for team 1 will equal team 2’s investments and profits. π1 = π2 187.5 = π2 t1 = t2 62.5 = t2 2. For model 1, profits are larger when g=1/2 because the investments made by both teams are lower and therefore π1 = Vw1 – t1 will result in higher profits. The reason team 1 and team 2’s investments will be lower is because there is less incentive to invest when the advantage for investing goes down, as it does with a lower sensitivity parameter. A lower g (sensitivity parameter) means that teams need to investment less to yield a higher win%. The following graph shows the difference in profits for g=1 and g= ½: 3. To calculate the Nash equilibrium for an asymmetric...
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...Fantasy Sports Mixed With Stock Market Play In Real-Time Kevin VanDusen University of Phoenix ECO/561 May 5, 2014 Resubmitted May 10, 2014 Fantasy Sports has become a long time favorite to many sports enthusiasts. This service has allowed the ability to select players from their favorite sports teams and form a customized team to use to compete against others for the ability to brag how your team is better than theirs. For those who want to be a part of the action but do not have the time for a draft can select to be a part of an auto draft where the system will choose your team for you. Both these are offered at no expense to the customer. Overtime services have been expanded into the market to include the ability to pay an entrance fee and compete for a pot of money collected at the end. Recently many new websites have been developed that enhance the game and adds changes to how it is played. One example of this is a website by the name of tradesports.com. This new website has formed a difference from others in that players can now pay and make changes to player line-ups during the game. Many have associated this with a form of stock market because of the ability to buy and sell positions based on current standings of the game, such as “over/under and whether a player will score above a certain number of points.” (Heitner, Darren 05/05/2014, Forbes Magazine) This service does require users to make a minimum amount of money that must be spent on each...
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...Economy in the housing market. Economics is a very importamt aspect of everyday life. It is the driving factor in the world of business and consumers. It is the general understanding of how the economy works and how the supply and prieing of goods are set up. One must understand economics and never take it for granted as it is a very important subject to learn about and comprehend. Through this simulation there were many interesting ares that were covered and many of the problems that were needed to be solved were done in a hand on manner. This is, that the simulation would give the reader the problem and help the reader find the correct soulution by suppying tips and advices as well as knowledge. Many different principals and concepts were covered in the similuation from both macroeconomics and microeconomics. The macroeconomics principals and concepts that were illustrated in the simulation were the city councels ntefereance with the housing market and the fact that the councle put a price ceileing on the housing rent. The city councle started regulating the housing prices and put a ceiling of $1550 which is a govenment interefierence and regulation thus making it a macroecnomics concept. There were quiet a few different microeconomics concepts that were used and illustrated in the simulation. Some of the microeconomic conepts were the fact of regusing the prices of the rental appartments and the vacany rates. These two are categorized as microeconomics because first there...
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...Abstract The motivational force analysis is going to be examined in this paper and it is to be compared and contrasted with existing theoretical tools employed to understand motivation, since it’s redefining the way of using motivational tools in organizations. The Motivational force analysis is a tool used to find the appropriate measures taken to get the optimal output from employees. This is done by performing a theoretical, psychological and statistical analysis resulting in functions of cost, motivation and output of the business. These functions are used in an mathematical analysis that derive at the motivational-equilibrium i.e. value of optimal cost-output level of motivation. This paper will describe the process of performing a Motivational Force analysis in addition to consider its applicability to employees and organizations and examine it’s strengths and limitations by doing so. Table of Contents Introduction ………………………….......................…………......……………………………….. 1 Theoretical framework………………………….………………………………………………………….. 1 Why the motivational force analysis is needed …..…………………………………………………………2 Application of the analysis…………………………..……..………...………………………………………2 Data collection & experiment ………………..……………………………………………………………..3 Determine cost-output ……………………………………….........………………………………………….3 Determine cost-motivation…………………………………...……………………………………………….7 Mathematical analysis……………………………..............………………………………………………….7 Finding the motivational equilibrium…………………………...
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...Notes Muhurta (Electional Astrology) B. V. RAMAN [pic] Contents • Chapter I. The Importance of Muhurtha • Chapter II. General Hints • Chapter III. The Birth Star and the Birth Moon • Chapter IV. Influence of Constellations • Chapter V. Special Adverse Yogas and their Neutralisation • Chapter VI. On Certain Special Yogas • Chapter VII. Pre-Natal Ceremonies • Chapter VIII. Post-Natal Ceremonies • Chapter XI. Marriage • Chapter X. Elections Concerning General Matters • Chapter XI. Elections Pertaining to Education • Chapter XII. House Building • Chapter XIII. Agriculture and Farming • Chapter XIV. Travel • Chapter XV. Medical Elections • Chapter XVI. Public Matters • Chapter XVII. Miscellaneous Elections • Chapter XVIII. Summary [pic] Chapter I The Importance of Muhurtha The value of Time is inestimable. All objects in nature are produced in Time, developed in Time and destroyed in Time. The truth of these statements requires no further proof. It stands unchallenged. Here we have a grand problem for solution. If the creative, protective and destructive forces are embedded in the all-Powerful Time recognised as the great KALAPURUSHA in the astrological literature, then will it not be reasonable to study the influences of the various energies issued from the solar globe and from the other globes dependent upon the Sun for their supply of all vital energies and reflected by...
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