1. On-campus corporate presentations: Sympathy for the Devil Many students complain about the high number of corporate presentations taking place both on- and off-campus. In this question, we seek to explore this phenomenon. To that end, suppose that Stern is playing a game with other business schools (to be specific, think of Columbia). Both schools are concerned with ensuring that their students find gainful employment at the end of their courses of study. Specifically, suppose that they assign a value of 100 from doing so. Suppose that if neither or both schools allow corporate presentations, then recruiters are equally likely to hire from either school; however, if only one school allows presentations, then its students are likely to be hired with 75% probability, whereas the other school's student's chances of getting hired to fall to 25%. Allowing corporate presentations takes time, which could be used for additional classes or recreational activities to which the school assigns a value 4.
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3.  (a) Describe the game in a normal form. What would you expect to be the outcome? 
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5. (b) A limitation of the analysis in (a) is that Stern and Columbia play this game repeatedly. Suppose that each has a 5-year planning horizon (and so expect to play this game 5 times). Is it possible for them to achieve a better outcome than in (a)? Explain. 
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7. (c) What is the minimum planning horizon necessary for the two schools to achieve a better outcome than in (a)? Explain. 
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9. (d) Can you think of any factors that might make it difficult to achieve this better outcome?
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Answer rating: 100% (QA)

a In this game Stern and Columbia are competing to ensure their students find gainful employment The ... View the full answer