Game Thoery-Science Essay Example | Topics and Well Written Essays - 500 words

Game Thoery-Science - Essay Example In game theory, a situation of cooperative behavior is referred to as non-zero type game since both individuals playing end up sharing the survival interest. Where there is no cooperation leading to one player winning at another’s expense this translates to a zero-sum kind of game. The interactive tasks are going to be centered on the â€Å"Prisoner’s Dilemma†. Prisoner’s Dilemma is an expression describing a non-zero type of game where some reciprocal moves or behaviors are approximated. An assumption is made under the game of prisoner’s dilemma. One imagines that they (with a partner) are arrested with a minor crime of stealing goods and which is punished by way of a 2-year jail term. However, the police are convinced that you are the culprit and through this you should serve an 8-year term, but they are devoid of proof that either of you is the doer of the act. They subsequently do separate you for questioning. Each of the individuals involved is offered with a choice by the police, to either cooperate or defect. By cooperating one remains mum to ensure cooperation with the partner. At least you could get a 2-year jail term and the partner could be convicted with a minor crime. A defection means that one implicates the partner in the crime. Therefore, through defection the police are set to do away with the minor charges put against you and thus, could go without punishment. Judging from other players’ moves average the cooperative move had a 9.2-year prison term while defect group had a 7.2-year term in prison. Therefore, on average defect has the best outcome. Further, looking at the extent of logic the move is, if the partner decides to cooperate then one should defect because 0 years would be apt than 2 years in jail. On the other hand, if the partner decides to defect then one should do the same since a prison term of 8 years is apt in comparison to 10

The Marketing of Services Essay Example | Topics and Well Written Essays - 2000 words

The Marketing of Services - Essay Example In addition, the economic down turn in the United Kingdom and the rest of the world caused increased levels of uncertainty and unemployment among the potential customers. The impact was a reduction in the consumption of the discretionary services offered by the enterprises in the sector. These changes in consumer behavior have affected several music retailers further aggravating the decline that was being experienced in an already underperforming sector. Prior to the financial crisis, various industry players had been facing financial difficulties due to the shifting interest of consumers from the musical services to computer games. However, things look bright as the sector continues to recover albeit at a slow pace. In the music retail industry, there are several retailers and enterprises covering the entire United Kingdom. They include single stores, independent outlets and chains of retail stores. This gives a wonderful mix of shops dealing in a variety of services. Services like instrument hire, music recording, repair of educational establishments, music teaching and site music facilities are offered in the shops. Some of the major competitors include Asda Group limited, HMV, Woolworth Group Plc, Virgin Books Ltd and Play.com. Others are AA Music, Academy Chimes Music and Ackerman Music Limited. Most of these retailers have been affected by the recent decline in purchases. HVM remains the leading retailer in the United Kingdom. Just like any other service sector, the music retail industry faces a number of problems coming from the nature of services which are offered (Dotchin & Oakland 2004). The five service characteristics are helpful in understanding some of these major problems. Perishability is perhaps one of the most difficult characteristic of the services in this sector to appreciate (Porters 2005). Services are highly perishable compered to physical products. This can be best understood when one considers the kind of services that enterprises such