Part II: Is the Pandemic a Prisoner's Dilemma Game? After 100 years, we want to use...
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Part II: "Is the Pandemic a Prisoner's Dilemma Game?" After 100 years, we want to use game theory and apply it to our current situation when the world is dealing with Covid-19 and the problem of Vaccination and how to deal with the "Anti-Vaccination" Movement. To do so, imagine each individual of us in our society is a player of a game. And each player has two choices: To get the vaccine (V) or not to get the vaccine (NV). [Note: We assume Vaccination (V) is a good practice and it is a term we loosely use for all safety measures like wearing masks, social distancing or getting an actual vaccine. Not Vaccination (NV) is the opposite.] We know the cost of getting a vaccine (opportunity cost of going to the clinic to get the vaccine, after vaccination symptoms, opportunity cost of resting home a day after and so on) is 60 units. Needless to say, this cost is zero if the player decides not to take the vaccine option. Let's assume the benefit or the value of not infection is 100 units and the value of infection is zero. e. Use the table below and calculate A, B, C, and D? Player 1 Net Benefit Cost Benefit No A Infection 100 Vaccination (V) Infection 0 B 0. Net It's h Benefit Cost Benefit Insta No the C Infection 100 Not Vaccination (NV) Infection 0 D Lar Don't Part II: "Is the Pandemic a Prisoner's Dilemma Game?" After 100 years, we want to use game theory and apply it to our current situation when the world is dealing with Covid-19 and the problem of Vaccination and how to deal with the "Anti-Vaccination" Movement. To do so, imagine each individual of us in our society is a player of a game. And each player has two choices: To get the vaccine (V) or not to get the vaccine (NV). [Note: We assume Vaccination (V) is a good practice and it is a term we loosely use for all safety measures like wearing masks, social distancing or getting an actual vaccine. Not Vaccination (NV) is the opposite.] We know the cost of getting a vaccine (opportunity cost of going to the clinic to get the vaccine, after vaccination symptoms, opportunity cost of resting home a day after and so on) is 60 units. Needless to say, this cost is zero if the player decides not to take the vaccine option. Let's assume the benefit or the value of not infection is 100 units and the value of infection is zero. e. Use the table below and calculate A, B, C, and D? Player 1 Net Benefit Cost Benefit No A Infection 100 Vaccination (V) Infection 0 B 0. Net It's h Benefit Cost Benefit Insta No the C Infection 100 Not Vaccination (NV) Infection 0 D Lar Don't
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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