GameTheory,CollegeAdmissions,andtheEarlyDecision.pptVIP

Game Theory, College Admissions, and the Early Decision Dilemma;What is Game Theory?;What is the key item in games?;The Game of College Admissions;How are Colleges/Universities Ranked?;The Game of College Admissions;College Admissions;College Admissions;College Admissions;The “Power of Context” (Stanford Prison Experiment, N.Y. Subway system, etc.) -- Michael Thompson: “College has achieved a symbolic importance so out of proportion to its actual meaning, and the admission process has evolved into such a Byzantine ritual, that it can make normal people act nutty and nutty people act quite crazy.” Thompson: “The frantic involvement of many parents in the application process is often a cover for this profound parental anxiety: Did I do a good job with this child? Did I do everything I needed to do for this child? Is this child prepared? Is this child going to have a good life? Etc. ;College Admissions The Organization Kid;The Organization Kid;The Organization Kid;The Organization Kid;The Organization Kid;The Organization Kid;Game Theory “Prisoners’ Dilemma”;“Prisoners’ Dilemma” Games;“Prisoners’ Dilemma” GamesDiscussion Question: How did the tobacco companies’ profits change following the governments ban of over-the-air cigarette advertising? ;“Prisoners’ Dilemma” Games;Strategic Moves Brinkmanship Games