Game Theory Research Paper Example | Topics and Well Written Essays - 2000 words

Game Theory - Research Paper Example The theorem is generally used in economics studies, when there is a repetition of the number of games (Policonomics, â€Å"Game theory III: Folk theorem†). Game Theory has major contribution on repetitive games, wherein individual players have complete knowledge regarding the strategies of the other players. In Folk Theorem, there is a concept i.e. Nash Equilibrium. This concept is identified to have an outcome of one in a game, as the players are not facilitated with the opportunity of having an incentive by deviating from their choice on the basis of the choices of opponents. Contextually, players are not able to have incremental benefits, as others are identified to be grounded on their strategies (MIT, â€Å"Game Theory†). The objective of the current study is to attain comprehensive understandings regarding Folk Theorem by understanding its applications and citing examples prevalent to the real life world. This comprehensive understandings regarding Folk Theorem would eventually abolish all the myths relevant to it. The origin of Folk Theorem is still uncertain, however, it is believed by most of the researchers that the theorem has originated during the late fifties of the 20th century. However, in a very short period of time, the theorem has gained extensive popularity. Since, there is an uncertainty regarding the origin of the theorem, it is therefore termed as Folk Theorem. In mathematical conception, Folk Theorem is the one, which is believed and discussed as well as used extensively, however it is not published. Therefore, the theorem is also known as General Feasibility Theorem, but, the name Folk Theorem is popularly renowned (Policonomics, â€Å"Game theory III: Folk theorem†). Folk Theorem is a decisive part of the Game Theory, which is majorly related to economics. The theorem has an extensive role in the Game Theory that has repeated number of events (MIT, â€Å"Game Theory†). In this regard, it is elaborated that the theorem suggests that

Summary 3 Essay Example | Topics and Well Written Essays - 250 words

Summary 3 - Essay Example Effectively, this gives the teachers, students, and stakeholders in these systems little faith that conditions will improve. The article represents challenges in school districts after a study conducted by The Broad Foundation. The study identified 75 challenges that explain three phenomena that affect the public schools system. In the first phenomena, the article provides fifteen challenges that explain the reasons why resources failed to reach the classroom. These include, ineffective monitoring of expenses, unnecessary duplication of resources, overspending in construction maintenance, poor communication within the organization, slow central office systems, severe budget cuts, and many other examples. Secondly, the challenges explain the reasons that contribute to teacher’s failure to receive the support that they required to play their roles effectively. These challenges include the lack of access to proven interventions for struggling students, practices to grow professionally, challenging curriculum and technology. Conversely, the bar for teaching and learning is also low while teachers also lack adequate information on students’ progress, and many other challenges. The challenges identify challenges that go forth to explain why policies and procedures failed to allow the school system to pursue its mission. For instance, stagnation of the status quo for adults, inconsistency in orders from above, differences in scientific research in educational disciplines, the lack of strategic plans, and other challenges contributing to this phenomenon. In conclusion, the article identifies the importance of transforming the public school system in order to ensure that American students competed with other students academically. Importantly, the article identifies the importance of collaborative efforts in eliminating these challenges in order to eliminate bureaucracy and enhance the process of