Assignment 8 Decision Making - available to negotiators....

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1. Annuities are regarded as no-risk saving schemes because they are underused in comparison to the financial benefits that they create. Annuities are now provided by a number of charitable organizations, allowing you to obtain guaranteed income and tax benefits and to fund your preferred charity. Annuities create more total benefit than what you could obtain privately, while making a similarly valued contribution to society. 2. The advantage of game theory is that it provides the most precise prescriptive advice
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Unformatted text preview: available to negotiators. One disadvantages of game theory is it relies on the ability to completely describe all options and outcomes for every possible combination of moves in a given situation- a tedious task at its best, infinitely complex at its worst. The other disadvantage is it requires all players consistently act in a rational manner....
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This note was uploaded on 10/06/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Arkansas – Fort Smith.

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