Rasmussen College Analyst at G&B Consulting Presentation
Assignment Content
Competency
This competency will allow you to demonstrate your ability and skill in applying game theory to real world scenarios.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.
Instructions
After working for 18 months in your analyst position at G&B Consulting, you are now being considered for a project manager position that would put you in charge of several team members. As part of the interview process, you have been asked to make a presentation to highlight what you think are the most compelling reasons you should get the position.
1.) Your probability for calculating the probability of getting a satisfied client based off of your prior work history at G& B Consulting is incorrect here. You will need to check your formula and calculations for accuracy.2.) Your probability of getting at least 85% of clients giving you high customer satisfaction ratings is also incorrect. You should go back and review the live lecture to obtain the correct formula for calculating this probability. 3.) You did not find the Nash equilibrium points. You will need to show and explain all steps and identify the optimum strategy of the game.4.) Your probabilities for the mixed strategy (manufacturer) and the mixed strategy (competitor) on slide 9 are incorrect here. Please check that you are setting up your equations properly based on the payoff matrix. 5.) For your game tree, using backwards induction there should only be one solution. What you are using here does not apply. You should be using backwards induction to eliminate the branches from the tree diagram. You will want to go back and review the process for finding the one solution for manufacturer and competitors.
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