Organizational Structure Running A Successful Business
Beautifully Misleading Mind
1. Beautifully Misleading Mind Presented by: Jura Liaukonyte Ph.D. Student / Instructor University of Virginia “ If it’s true that we are here to help others, then what exactly are the others here for? ” - George Carlin
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14. The Bar Scene: Nash Equilibrium 4 NE and all involve Blonde Sally! John Jr. Mary Jane Sally 3.5 , 3.5 7 , 7 7 , 10 Mary 7 , 7 3.5 , 3.5 7 , 10 Jane 10 , 7 10 , 7 5 , 5 Sally Mark
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17. The Bar Scene: John Jr. and Mark Choose Now suppose that 2 guys are less confident about “scoring” the blonde If chosen by both If chosen by one 1.05 .15 2.1 .3 7 Mary 1.05 .15 2.1 .3 7 Jane 1 .1 2 .2 10 Sally Expected Value Probability Of Score Expected Value Probability Of Score Score
18. Nash Equilibrium and Mixed Strategies Now: 2 NE (Brunette, Brunette) in predefined mixed strategies John Jr. Mary Jane Sally 1.05 , 1.05 2.1 , 2.1 2.1 , 2 Mary 2.1 , 2.1 1.05 , 1.05 2.1 , 2 Jane 2 , 2.1 2 , 2.1 1 , 1 Sally Mark
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