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THEORY OF METAGAMES
This theory appears to describe how most people play non-zero sum games involving any number of persons.
Prisoner's dilemma is an example of this; the aim is to identify points at which players actually tend to stabilize their play in non-zero sum games.
This theory not only identifies equilibrium points missed by traditional game theory in games that have one or more such points but also does so in games in which traditional theory finds no such points.
Its main goal is that, each player is trying to maximize the minimum gain of his opponent.
Parameter prediction error: This is another aspect of faulty planning. As Hongren says, ‘planning decisions are based on predictions of future costs, future selling price, fut
Selling product for 31.00 and Variable expenses are 26.00. In order to cover the fixed expenses 31,500 hats must be sold what is the Total fixed cost in dollars?
Exercises 2-1, 2-2, 2-3, 2-4 Problem 2-14 I didn’t write every question down out of the book just questions 2-1, and 2-2. Exercise 2-1 classifying manufacturing cost. Your boat,
Explain Out of pocket cost A cost which will have to be paid to outsides as against cross such as depreciation, which do not require any cash payment this cost is relevant in t
THE BREAK EVEN POINT
Implementation of the Decisions Once alternative courses of action have been chosen, they must be implemented as part of the budgeting procedure. The budget is a financial plan
the break even point in dollorsales for rice company is48,000 and the company's contribution margin ratio is 40 percent. If Rice Company desires a profit of $84,000, how much wou
This variable deals along with the granting of credit. On one great all the customers are granted credit and conversely, none of them are granted credit irrespective of their credi
Application of Information technology in respect of management information system
how do i calculate the actuarial gains or losses on the present value of plan obligations?
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