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Axis Partners,a Canadian mutual fund,recently expanded its operations by opening a branch in Shanghai,China,to handle market analysis.The company used an integration strategy for staffing its new office.Entry-level positions in Shanghai were filled by recruiting graduates from local campuses.However,they soon realized that this strategy was not as successful in China as it was in Canada.Which of the following,if true,could explain the reason for this?
Prisoner's Dilemma
A scenario in game theory that illustrates why individuals might not cooperate, even when it seems that doing so would be in their collective best interest.
Zero-sum Game
A situation in competitive theory where one party's gain is exactly balanced by the losses of others. In a zero-sum game, the total benefit to all players in the game, for every combination of strategies, always adds up to zero.
Non-zero-sum Game
A scenario in game theory where the sum of outcomes for all players does not equal zero, allowing for mutual benefit or loss.
Equity Game
A scenario or experiment in psychology and economics that studies people's concepts of fairness and distribution of resources.
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