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Scenario 13.7
Consider the game below about funding and construction of a dam to protect a 1,000-person town. Contributions to the Dam Fund, once made, cannot be recovered, and all citizens must contribute $1,000 to the dam in order for it to be built. The dam, if built, is worth $70,000 to each citizen.
-Refer to the game in Scenario 13.7. If each player chose a maximin strategy, the outcome would be:
Exercising
The activity of engaging in physical activities to improve health and maintain fitness.
Relatedness Needs
Desires for good interpersonal relationships.
Satisfying Growth
The achievement of growth goals that meet or exceed the expectations of stakeholders, contributing to overall satisfaction with the organization's progress.
ERG Theory
A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.
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