ECON 431 Economics Game Theory Project Paper -

September 2, 2022

ECON 431 Economics Game Theory Project Paper

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

ECON 431 Economics Game Theory Project Paper

ECON 431, Economics, Game Theory, Project, Paper

ECON 431 Project Guidelines – Spring 2020 Your group for this project should agree upon a scenario to analyze using the tools we have discussed throughout

this course. This scenario can be anything that interests you, for example: a plot from a movie or tv, a story about your favorite sports team, an interesting phenomenon you observe in the world and want to understand, or a model from this class that you would like to extend. You should clearly outline your research question and write down a game form that represents the scenario of interest.

You should describe the players (you should have n ≥ 2), the strategies for each player, and the payoffs of each player. You should also explain why the game form you write down describes your scenario of interest. Your project can be a theory or experimental project. Your paper should be a minimum of three pages (with standard formatting – no gigantic margins) and this can include any game forms or figures you would like to include.

Theory: When you write down the game form for your scenario, you should start with a specific example and do your best to generalize (i.e. starting with 2 players and payoffs such as 0 and 1 for the example and then expanding the number of players or replacing the payoffs with x and y). If you have trouble generalizing your game, you can find a real world example that is represented by your game form and analyze data from this example.

Experiment: You should use your game form to derive testable predictions. Your experiment should include: instructions (note that you cannot deceive subjects!), incentives (I will have a raffle for a prize later in the semester – you can let subject earn entries into the raffle), and an analysis of your results (including why you think they did or did not match your predictions). Be sure to include an attachment of your instructions in your final write-up for the project (these do NOT count as one of your three pages).

Note: Your project should be an original idea. This means, you should not turn in a project exactly replicating an example from class, a paper or other lecture notes from game theory, or a project from another professor’s class (without consent from that professor and Rachel). You may, however, EXTEND on existing ideas or use them for inspiration.

In either type of project, you should justify which solution concept you choose to use – or use multiple solution concepts (SPE, NE, PBE) and discuss which results seem the most intuitive (unless they are the same). If you are in a group, your teammates’ evaluations will be factored into your final project grade. Keep this in mind when deciding to shirk!

Here is a list of ideas that might help inspire your project topic: Sports, Video Games, Repeated Games, Bargaining Games, Contracting Games, Divorce, Voting, Politics, Firm Competition, Dating, Game of Thrones, Game Shows, Board Games, Survivor, Auctions, Communication Games, Poker, Coordination Games, Evolution, Pollution, Love Island, College Football Playoffs, Love is Blind, NBA Slam Dunk Contest, Commitment Mechanisms. (You may instead take inspiration from other places – be as creative as you like.

RUBRIC

QUALITY OF RESPONSE	NO RESPONSE	POOR / UNSATISFACTORY	SATISFACTORY	GOOD	EXCELLENT
Content (worth a maximum of 50% of the total points)	Zero points: Student failed to submit the final paper.	20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking.	30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking.	40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete.	50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing.
Use of Sources (worth a maximum of 20% of the total points).	Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper.	5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6^th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper.	10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6^th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources.	15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6^th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources.	20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6^th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment.
Grammar (worth maximum of 20% of total points)	Zero points: Student failed to submit the final paper.	5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors	10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors	15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage.	20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free.
Structure of the Paper (worth 10% of total points)	Zero points: Student failed to submit the final paper.	3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6^th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6^th edition requirements whatsoever.	5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6^th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper	7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment.	10 points: Student provides a high-caliber, formatted paper. This includes an APA 6^th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.

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