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Please use this identifier to cite or link to this item: http://acervodigital.unesp.br/handle/unesp/369738
Title: 
Repeated games: cheating, punishment, and outsourcing [Game theory]
Author(s): 
Polak, Ben
Language: 
eng
Description: 
  • Educação Superior::Engenharias::Engenharia de Produção
  • Educação Superior::Ciências Sociais Aplicadas::Economia
  • Presents part of course, Game theory , when Professor Polak shows how in business or personal relationships, promises and threats of good and bad behavior tomorrow may provide good incentives for good behavior today, but, to work, these promises and threats must be credible. Presents the grim strategy forms such an equilibrium provided that we are patient and the game has a high probability of continuing. Discusses less draconian punishments, and find there is a trade off between the severity of punishments and the required probability that relationships will endure. Applies this idea to a moral-hazard problem that arises with outsourcing, and find that the high wage premiums found in foreign sectors of emerging markets may be reduced as these relationships become more stable
Issue Date: 
  • 28-Nov-2007
  • 6-Apr-2010
  • 6-May-2010
  • 6-May-2010
  • 6-May-2010
Publisher: 
Yale University, Open Yale Courses
Keywords: 
  • Educação Superior::Engenharias::Engenharia de Produção::Teoria dos Jogos
  • Educação Superior::Ciências Sociais Aplicadas::Economia::Economia Geral
  • Incentive
  • Punishment
  • Strategy
  • Competitiveness
Notes: 
To discuss and understand punishments, incentives and behavior
Credits: 
Duration: 1 h, 15 min, 46 s. To hear this resource its necessary the instalation of Quick time. Available at: <http://www.apple.com/pt/quicktime/>
Source: 
http://objetoseducacionais2.mec.gov.br/handle/mec/13873
URI: 
http://acervodigital.unesp.br/handle/unesp/369738
Rights: 
Yale University 2009. Some rights reserved. Unless otherwise indicated in the applicable Credits section of certain lecture pages, all content on this web site is licensed under a Creative Commons License. Please refer to the Credits section to determine whether third-party restrictions on the use of content apply
Type: 
áudio
Appears in Collections:MEC - Objetos Educacionais (BIOE) - OE

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