Category | Assignment | Subject | Computer Science |
---|---|---|---|
University | Singapore University of Social Science (SUSS) | Module Title | FIN207 Game Theory and Design Thinking |
Assessment Type | Tutor-Marked Assignment |
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Academic Year | 2025 |
This assignment is worth 18% of the final mark for FIN207 Game Theory and Design Thinking. The cut-off date for this assignment is 06 February 2023, 2355hrs. Note to Students: You are to include the following particulars in your submission: Course Code, Title of the TMA, SUSS PI No., Your Name and Submission Date
Jim and Kate are the founders of the MetaSMART company. They agree on a corporate governance scheme between them: Only Jim can propose a proposal, and only Kate can then decide to pass the proposal or reject it.
Assume there are two potential projects , X and Y , that are known to both partners. Their preference rankings below are common knowledge to each other: The preference ranking of Jim is Take project X>take both projects> take neither project>take project Y. The preference ranking of Kate is Take project Y>take both projects> take neither project>take project X.
(a) Interpret the context as a game between Jim and Kate, and illustrate and analyse the game. (Hint: ‘Interpret’ is to identify the key components that a reader needs to know about the game, such as the players, available strategies, and payoffs) [Word limit 300 (excluding reference and figures)] (35 marks)
(b) Assume the scheme is changed so that Kate can decide part of the proposal (e.g., when Jim proposes both X and Y, Kate can pass Y and deny X). Explain the changes in the game caused by the new scheme and discuss whether Kate is better off in the new scheme. [Word limit 300 (excluding reference and figures)] (25 marks)
Employees of the company SmartCorp in Singapore are asked to choose one weekday to work in the office. They can work from home on the unselected weekdays due to the uncertain future situation of COVID-19. Everyone prefers working from home as it is flexible. Everyone also prefers seeing more colleagues when they need to work in the office. Consider the selection of one day to work in the office among colleagues as a game.
Assume that your best friend is one of the employees, and he/she is seeking advice from you. Interpret and analyse the game (i.e., figure out the key components of the game, such as players, strategies, possible payoff measures, etc.), then advise your friend based on the knowledge of game theory. [Word limit– 200 words. Penalty applies if exceeded.] (40 marks)
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