Management MGT 150A Lecture 5: MGT 150 Notes 2:20:28
29 Mar 2018
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Mariagiovanna baccara: phd economics, princeton, fields of research: applied game theory, industrial organization, strategy information leakage: how do you start-up and organize your business when others can expropriate private information, criminal and social networks, child adoption, dynamic matching. Mafia structure: hierarchical like a pyramid, bottom level carries out daily criminal activities top level info stored; know the big picture of the operation. Markets two sides: supply and demand: demand customers, supply providers. Economics: study the problem of choice under scarce resources, develop tools that allow us to understand production and consumption, universal language to understand decision-making in any industry or environment, cost-benefit analysis. Should you go skiing: there is a ski area on your campus, the charge for a day pass is , benefit: how much is a day on the slopes worth to you, cost: , time. Joh(cid:374) vo(cid:374) neu(cid:373)a(cid:374)(cid:374) & oskar morge(cid:374)ster(cid:374) pu(cid:271)lished (cid:862)theor(cid:455) of ga(cid:373)es (cid:863)
