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Session+4+slides - MGMT 2120 Business, Society and the...

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MGMT 2120 Business, Society and the Individual Session #4 Social Dilemma
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MGMT 2120 Session #4 Social Dilemma Prof. Emily Nason, Fall 2011 PRS: What will you choose? Option 1 Option 2 Option 3 You get 500 500 550 Other gets 100 500 300
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MGMT 2120 Session #4 Social Dilemma Prof. Emily Nason, Fall 2011 Social value orientation Option 1 Option 2 Option 3 You get 500 500 550 Other gets 100 500 300 Competitive Individualistic Prosocial
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MGMT 2120 Session #4 Social Dilemma Prof. Emily Nason, Fall 2011 Social dilemma If these folks would take the bus, I d be home by now!
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MGMT 2120 Session #4 Social Dilemma Prof. Emily Nason, Fall 2011 • Understand social dilemma – Co-determined outcomes – Non-zero sum – Different types • Recognize social dilemma • Devise and implement strategies to deal with social dilemma Intended learning outcomes
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MGMT 2120 Session #4 Social Dilemma Prof. Emily Nason, Fall 2011 Social dilemma • When short-term self interest conflicts with long-term collective interest • Each individual yields a better outcome for oneself by pursuing a non-cooperative choice; yet everyone can be better off by cooperating
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MGMT 2120 Session #4 Social Dilemma Prof. Emily Nason, Fall 2011 Types of social dilemmas • Prisoner’s dilemma • Public goods dilemma • Commons dilemma
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MGMT 2120 Session #4 Social Dilemma Prof. Emily Nason, Fall 2011 Prisoner’s dilemma remain silent testify Payoffs When you betray while the other party cooperates When both you and the other party cooperate When both you and the other party betray When you cooperate but the other party betrays
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This note was uploaded on 01/10/2012 for the course MGMT 2120 taught by Professor Emilychen during the Fall '11 term at HKUST.

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Session+4+slides - MGMT 2120 Business, Society and the...

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