BUSINESS HIGH SCHOOL

For several​ years, a professor at Johns Hopkins University had been using the following grading scheme for his final​ exam: He would give an A to the student with the highest score. The grades of the remaining students were then based on what percentage their scores were of the top​ student's score. In the fall of​ 2012, the students in the class came up with the idea of boycotting the final exam. They stood in the hallway outside the classroom but did not enter the room to take the exam. After waiting for a​ time, the professor cancelled the exam​ and, applying his grading​ scale, gave everyone in the class an A on the exam. An article in the New York Times about this incident​ observes: "This is an amazing game theory​ outcome, and not one that economists would likely​ predict." ​Source: Catherine​ Rampell, "Gaming the​ System," New York Times​, February​ 14, 2013. Game theory indicates the​ students' strategy was unlikely to work because

Answers

Answer 1
Answer:

Answer:

it is extremely difficult to manage to get a group of individuals towards agreeing to participate and not defect from the strategy.

Explanation:

Game theory is a theory that focuses on understanding exactly why an individual makes certain decisions as well as how they affect others. Based on this theory the student's strategy was unlikely to work because it is extremely difficult to manage to get a group of individuals towards agreeing to participate and not defect from the strategy. Since not everyone would believe that it will work and others may just get tired.

Related Questions

On January​ 2, 2019, Kornis Corporation acquired equipment for $ 300 comma 000. The estimated life of the equipment is 5 years or 80 comma 000 hours. The estimated residual value is $ 40 comma 000. What is the balance in Accumulated Depreciation on December​ 31, 2019, if Kornis Corporation uses the doubleminusdecliningminusbalance method of​ depreciation?
_____ is/are the raw facts and figures businesses collect. Answer Data Information Push technology Warehousing
In the market for financial capital, ________.a. those who demand financial capital receive interest on loans. b. those who supply financial capital pay interest on loans. c. the supply of financial capital comes from savings, and the demand goes to making loans. d. the demand for financial capital comes from savings, and the supply goes to making loans.
Wonder Coffee is a chain of coffee serving outlets and specializes in selling different flavors of coffee. The increase in the price of sugar does not affect Wonder Coffee's coffee prices very much and sales continue at their usual level. Identify the type of demand in this scenario. a. Fluctuating demand O b. Joint demand O c. Inclastic demand O d. Elastic demand
At ICS Inc., a company that deals in software products, employees regularly complain about the lack of clarity regarding the tasks they are required to perform. Often there are two employees working on overlapping tasks, while some tasks are not designated to any employee. Though employees are satisfied with the pay and work culture, this aspect of their work environment has led to a lot of conflict in the workplace. From the information provided, this complaint of the employees can be closely linked to which HR function?A) compliance with lawsB) analysis and design of workC) compensation and benefitsD) maintenance of employee relationsE) recruitment and selection

During interviews for a sales position at Lock-Spark Inc., the interviewer asks each candidate to imagine a situation where a customer emails to report that products were damaged during delivery from Lock-Spark. The interviewer then asks each candidate what he or she would do to handle this situation. This is an example of a(n) _____ interview.

Answers

Answer:

SITUATIONAL

Explanation:

The interviewer asks that candidate during interviewing for a sales role at Lock-Spark Inc. to imagine a scenario where a customer emails to complain that goods were damaged during Lock-Spark distribution. Then the interviewer asks an individual candidate what they would do to deal with this issue. This is an example of an interview with a situation.

A written agreement is called whata. contract
b. solvency
c. investment
d. tariff

Answers

My best guess is A. a contract.

A contract is a written agreement

What does "embedding a video" mean?A. Embedding a video means editing a video so it can fit onto your slide.
B. Embedding a video means placing a link on your slide and viewing the video on its host site.
C. Embedding a video means making the video a part of your slide.
D. Embedding a video means writing the code that allows a video to change its file type.

Answers

"Embedding a video" means means making the video a part of your slide.

Why is embedding important in a video?

Embedding is important in pasting and replacing of videos online for accessibility by users.

It is used to place a video on a particular website for viewers to view at any convenient time.

Therefore, embedding a video" means means making the video a part of your slide.

Learn more on embedding here

brainly.com/question/15826782

#SPJ2
The answer is C. Embedding a video means making the video a part of your slide.

Pumpkin Inc. sold $500 in pumpkins to a customer on account on January 1. On January 11, Pumpkin collected the cash from that customer. What is the impact on Pumpkin's accounting equation from the collection of cash?

Answers

Answer:

No Net Impact on Pumpkin's Accounting Equation from collection of cash.

Explanation:

Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:

Dr. Cash                         $500

Cr. Account receivable $500

Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.

Accounting Equation

                                           Asset     =     Equity  +  Liability

Dr. Cash                             +500                0                0

Cr. Account Receivable    -500                 0                0

Total Impact                           0                   0                0

Though it can provide people with information, help them solve problems, and teach them how to do their work, ______ communication can be destructive when misinformation proliferates and harms people and operations.

Answers

Answer:

grapevine

Explanation:

Grapevine is an informal way of communication, it is more friendly manner, there is no organized manner or format in this case.

Many times this form of communication is more easy to make and access, but that the communication is not feasible for serious discussions.

Every aspect has its pros and cons, this type of communication is not preferable for serious discussions, and where the information is not complete, it turns it into rumors, and non trust able information.

This further leads to the harm to people for whom the information is vital.

five point code of conduct for visitors yo the Kruger national park focussing on responsible tourism behavior

Answers

1. Clean as you go. Avoid littering. Throw trash on designated garbage cans. 

2. Minimize noise. Unnecessary loud noises during wee hours of the night are discouraged. To revel in silence is to be one with nature, simply appreciating the Park. 

3. Do not feed the animals. This is for your own safety and for the animals' wellbeing as well.

4. When camping, make sure all bonfires are extinguished before sleeping, to avoid forest fires or destruction of the habitats. 

5. Follow instructions from guides at all times. This will allow you to have a pleasant and safe experience in the Park.
Other Questions
Which of the following is not a commonly-cited explanation for the dramatically increasing labor-force participation rates for women from 1950 to the present?a. availability of reliable birth control
In a certain economy, people save some part of their income in the financial sector and use the remaining part for consumption. The government decides to increase the tax rates for everyone in that economy. What effect will the tax increase have on savings and investment in the economy?
The practice of allowing employees to set varying hours depending upon their personal needs is referred to as ________.
Many financial institutions hesitate to make loans on second or third mortgages True or False