Econ101 bonus 4

Econ101 bonus 4 - Econ101: Bonus 4 Professor Jing Li Game...

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Econ101: Bonus 4 James Won Professor Jing Li TA: Zhao Yang Game Theory as Applied in the Current Global Situation American writer George B. Leonard once said, “In terms of the game theory, we might say the universe is so constituted as to maximize play. The best games are not those in which all goes smoothly and steadily toward a certain conclusion, but those in which the outcome is always in doubt.” Turning the pages of the New York Times , one must contemplate the validity of his statement. Page four is covered with pictures of Kim Jong Il, North Korean citizens rallying outside the Presidential Palace, with the words “MISSILE LAUNCH” glaring in bold and capital letters. The troughs of the DOW index are as low as it was during mid-‘90s on page five. By merely catching a glimpse of the situation that the United States are in today, both diplomatically and economically, we can see that the best games, in fact, are not the ones in which the outcome is always in doubt. We obviously recognize that the outcome of the current situation between North
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This note was uploaded on 09/27/2009 for the course ECON 101 taught by Professor Dannicatambay during the Spring '08 term at UPenn.

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Econ101 bonus 4 - Econ101: Bonus 4 Professor Jing Li Game...

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