Question: 1) What is game theory designed to do? 2) True or False. Game theory provides a realistic model of business decision making. 3) What is

1) What is game theory designed to do?

2) True or False. Game theory provides a realistic model of business decision making.

3) What is asymmetrical information?

4) What is adverse selection?

5) Should decision management and decision control be separated? As part of your discussion, provide a real-world example (or provide a fictitious example) of a firm where the control (correctly) resides with the same individual as well as an example of a firm where the control is (correctly) separated.

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