Game Types

question 5

Essay

Game Types. Depict each of the following circumstances as a zero-sum game, a positive-sum game, or a negative-sum game. Explain your answer.
A. United Technologies and competitor 3M Co. engage in brutal price competition for a U.S. Department of Defense contract.
B. The ongoing discussion between American Express and its employees concerning a reduction in travel allowances for business trips.
C. Competitors Merck and Pfizer lobby Congress to increase Medicaid payments for pharmaceutical products.
D. McDonalds Corp. offers free food and prizes to loyal customers.
E. The bargaining that occurs between Wal-Mart and a municipal government concerning payment responsibility for interchange and access road costs made necessary by the location of a new Supercenter.

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Definitions:

Political Election

A formal group decision-making process by which a population chooses an individual to hold public office.

Predicted Outcome

An anticipated result or consequence based on certain conditions or variables.

Personality Psychology

A branch of psychology focused on studying individual differences in thought patterns, feelings, and behaviors, and how these traits persist over time.

Individual Differences

Variation among individuals in terms of their psychological traits, abilities, and behaviors.