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A teacher curves the final exam such that the top half of students get an A and the bottom half an F (so their grade depends only on relative and not absolute performance) . Suppose that there are equal numbers of two groups,the Brainiacs and the Numbskulls. If they both study or they both party,the Brainiacs will get the As but if the Brainiacs party and the Numbskulls study,the Numbskulls will get the As.Suppose further that they both dislike studying and both like good grades. Suppose all students of a type choose the same action (so we can view it as a two-player game) . The payoff matrix is ? Characterize the Nash equilibrium or equilibria:
Production And Consumption
The processes of creating goods and services (production) and using or purchasing them (consumption), fundamental to economic systems.
Micro Power
Refers to the localized, often personal, forms of power and influence that operate at the micro-level within societies or institutions.
Macro-level
Pertaining to large-scale structures or processes, often encompassing the entirety of a society or a major component thereof.
Michel Foucault
A French philosopher and historian known for his critical studies of social institutions, including psychiatry, medicine, and the prison system.
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