Author Question: Why does game theory dictate that very risky options must be considered? a. Riskier options have ... (Read 32 times)

Haya94 · **on:** Sep 4, 2018

Why does game theory dictate that very risky options must be considered?

a. Riskier options have a higher payout for one player.
b. Riskier options have a higher payout for both players.
c. The other player may steer clear of a very risky option.
d. In the abstract world of game theory, nothing is actually being risked.

Question 2

What is the lesson of Brynjolfsson et al.'s Instagram example?

a. Labor and capital can be managed much more efficiently in the new digital economy.
b. It is no longer important to sell an actual manufactured product.
c. Capital has moved out of manufacturing and into the digital age.
d. The moneymakers of the new age can make billions without a large amount of capital or employing a large amount of people.