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project studying the analysis

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Issue:

Business

 

Written by:

Nona J

 

Date added:

May 7, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

13 / 3470

 

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573 times

 

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And after giving the talk I thought more about the concept of studying a game by studying it as a repeated game and through this viewpoint I got an idea of how to eliminate all of the "verbal" complications that could become involved in the consideration of coalitions and coalition formation. In principle, coalitions, and specifically coalitions as considered by Von Neumann and Morgenstern in "Theory of Games and Economic Behavior", are things that could be implemented by contracts, like contracts in roman law...
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But of course a contract is quite intrinsically a "verbal" thing because indeed it could (or should!) be written down in words. On the other hand, if in Nature a form of cooperation has evolved, like with a species of insects providing fertilization for a flowering species of plants, then the cooperation exists and is maintained, not by the enforcement of a verbal contract but presumably by the action of "natural selection" affecting the genetics of both species as time passes...
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