The statement that "<span>The prisoner's dilemma game illustrates rational decisions made by individuals which lead to a jointly efficient outcome" is false.
</span><span>The prisoner's dilemma is a standard example of a game analyzed in game theory
that shows why two completely "rational" individuals might not
cooperate, even if it appears that it is in their best interests to do
so.</span>
Answer:
31 Dec
Dr Perez capital 1300
Cr Cash 1300
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital 315
Dr Cruz Capital 135
Cr Cash 1750
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital 385
Dr Cruz Capital 165
Cr Cash 750
Explanation:
31 Dec
Dr Perez capital 1300
Cr Cash 1300
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital (1750-1300/10×7)315
Dr Cruz Capital (1750-1300/10×3) 135
Cr Cash 1750
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital (1300-750/10×7)385
Dr Cruz Capital (1300-750/10×3) 165
Cr Cash 750
Answer:
Arbitrage
Explanation:
Arbitrage refers to exploiting price differences on identical or similar goods, services, assets or factors in different markets.
This ultimately implies that, arbitrage allows an individual to profit from the price difference between similar goods, commodity, securities or currency in different markets.
Basically, an individual might decide to almost simultaneously purchase a financial instrument such as a commodity, securities or currency and sell it in a different form or market.
For example, if a stock is trading at £80 on the London Stock Exchange (LSE) while it is trading for £81 on the Nigeria Stock Exchange (NSE) at the same time. John buy the stock on the LSE and sells the same shares immediately on the NSE and earns a profit of £1 per share. Thus, this is simply an arbitrage.
In conclusion, an arbitrage is a type of trade that is caused as a result of market inefficiency.
You lose something or lose a bet, or a video game
This is an example of Bandura's theory of "reciprocal determinism".
As indicated by analyst Albert Bandura, reciprocal determinism is a model made out of three factors that impact conduct: the environment, the individual, and the behavior itself. As per this theory, a person's conduct impacts and is affected by both the social world and individual qualities.
Reciprocal determinism is the possibility that conduct is controlled or dictated by the person, through psychological procedures, and by nature, through outside social upgrade occasions.
