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Chopin Project: To-Do List

Here is a list of artwork that we will need to create according to the storyboard outline proposed by the Neptune High School art students:

Scene 1: Introduction/Once Upon a Time

  • 3 sunrise scenes at a lake with trees
    - one with landscape in darkness
    - one with sun just emerging
    - last one with sun rising and light filling scene


  • Scene 2: The Main Theme

  • Picture of old man walking by the lake


  • Scene 3: An exciting secret revealed

  • Wind blows, revealing scarf on old man representing memories of lost love


  • Scene 4: Impending Danger

  • Pictures of approaching storm scene
    - clouds darkening
    - trees swaying
    - leaves flying
    - waves forming at lake
    - lightning in skies


  • Scene 5: A distant memory

  • Pictures of old man in youth and lake from long ago
    - smaller trees
    - perhaps more people walking around?


  • Scene 6: Love Theme

  • Pictures representing love and life, such as
    - cherry blossoms
    - 2 swans swimming together in lake
    - young woman wearing old man's scarf?


  • Scene 7: Main Theme returns

  • Autumn scene at lake, with leaves on trees turning colors?
    - Picture of the old man in middle age with scarf - looks rich and powerful?


  • Scene 8: A Grand Dance

  • Pictures of a town center
    - perhaps with a fountain?
    - buildings surrounding town square similar in composition to how trees surround lake?


  • Scene 9: A flurry of excitement

  • Pictures of town filled with busy people, activities


  • Scene 10: Distant Memory joins the Love Theme

  • Party scene?
    - Man meets woman wearing his scarf
    - pictures of man and woman dancing together
    - closing scene with man left alone with scarf in his hands


  • Scene 11: The Main Theme returns, in greater danger than before

  • Winter scene at lake with old bare trees, empty skies, and old man in advanced age


  • Scene 12: A ferocious battle

  • Winter storm scenes by lake
    - snowstorm?
    - old man in coat and scarf struggling against wind?


  • Scene 13: A tragic ending

  • Pictures of scarf floating on lake
    - night scene at lake with moon?


  • Once again, here is the flash player for the musical references:


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    1. Asymmetric data appears in lots of areas.
    Apply the style of industry for lemon and principal agent problem to evaluate markets.
    (offer illustration for three products/services)
    Asymmetric information is when some individuals have better information
    than the others circumstances which exist. if buyer have less information than seller) (may happen.

    Asymmetric information influences :
    _ The market for Lemon
    Asymmetric information between consumers and firm can affect firm profits.

    Example :
    Suppose a firm invest in having a new product that's knows to be more advanced than existing products on the market. Buyers, on the other hand, are unlikely to know whether the new product is really superior to the current goods or whether the organization is falsely declaring the product to be superior. This is because that they do not know the item should indeed be superior.
    _ The Primary Broker Issue
    Asymmetric information influences many managerial decisions, including employing personnel and issuing credit to customers. In particular, job applicants have far better details about their own abilities than those anyone in control of hiring new workers.
    o Adverse selection
    _ Refers to a situation where a range procedure results in a pool of people with economically unwanted features.
    o Moral hazard
    _ Situation where one party to take a contract requires a invisible activity that benefits him or her at the cost of another party
    2. There are lots of phenomena or business activities are appropriate to the game theory. Demonstrate your availability to present game theory and provide the applications in real-life (sign celebrity with criminals problem)
    Game theory is a framework to aid in decision-making as soon as your pay-off depends on the actions taken by other people. In a game, it composed of 2 firms, every one of them must create a pricing decision and the firms are the players. The selection of the people is called strategies. The pay-offs are the profits or losses that derive from the strategies. Within the analysis of the activities, the order in which player makes decisions is important, you will find 2 types:
    _ Simultaneous-move activities
    by: berita moneter (contact) - 14 Aug '13 - 12:26
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    by: vibizseo (contact) - 14 Aug '13 - 12:26
    Each person makes decision without knowledge of one other players_ decision.

    This plan may be used to evaluate situations where
    the profits of the firm depend not just on the firms_ action but on what of
    rival firm also.
    Example:
    A Promotion Sport
    Firm T
    Technique
    Advertise Don_t Promote
    Advertise $10 $10 $20 $0
    Don_t Advertise $0 $20 $5 $5
    If B also promotes, both An and B will get $10. But if A B and advertise decided not
    to advertise, then The will get big opportunity
    to market their product and get increase income
    at $20 while B wont get anything,$0.
    If both An and B market, then they both got to be able
    to raise their profit at $5.
    _ Sequential-move activities
    It is also important to distinguish between one _shot games and repeated
    games. In one shot game, the game is played just once.

    3. People_s threat tolerances differ at different degrees.
    Principle of the sport or external facets might change the degree of
    people_s risk tolerance. Show sound concept behind this argument and give suggestions and pictures in actual phenomena or business activities.
    (hint start with the concept of risk-averse)
    People_s attitudes toward risk are different. You can find 3 varieties of People_s risk
    tolerances:
    1. Risk Averse
    An individual who favors a sure amount of $M to a risky prospect having an expected value
    of $M
    2. Risk Loving
    Individual likes a dangerous prospect with an expected value of
    $M to a sure amount of $M.
    3. Risk Neutral
    Person is indifferent between a risky prospect with the expected price of $M and sure
    number of $M.
    4. People with extended experience in selling product
    A may have capability to set the value of the product.
    New students without any knowledge of selling product A could have enough weapons if they are expected to
    create the purchase price of product A. Present your guns.

    People who has expertise, they use intuition setting the purchase
    price.
    P = AC (1 M (e)
    P is Price
    AC is Normal Price
    M is Mark-up Price
    Elizabeth is elasticity
    Elasticity (e) is affected by :
    _ Price Discrimination
    Pricing selection thinks the firm must charge the same price for each system that customers purchase available in the market.
    There are three fundamental types of price discrimination,
    and each types has different of information about consumers:
    It_s a scenario that charge each customer the
    maximum price he or she will be willing to pay for each unit of the nice purchased.
    By using this plan, the organization extracts all surpluses from
    customers and thus earns the highest possible profits.

    The first-degree price discrimination is hard/difficult to apply because it requires the firm to
    learn exactly the optimum price each buyer is able and willing to
    purchase alternative degrees of the firm_s product.
    Case :
    _ Car traders, technicians, doctors and attorneys
    This way they are in a position to charge different rates to different customers determined by each
    consumer_s willingness and ability to pay.
    This exercise allows them to offer more cars and to earn higher profits
    than they would if they charged exactly the same cost to
    all consumers. Similarly, most professionals also demand rates due to their
    services that vary, depending on their analysis of customers_
    willingness and ability to pay.
    by: liputanpound inggris (contact) - 14 Aug '13 - 12:41
    1. Asymmetric information appears in many areas.
    Apply the type of market for lemon and principal agent
    problem to research areas.
    if purchaser have less information than seller) (can happen.

    Asymmetric information influences :
    _ The market for Lemon
    Asymmetric information between consumers and firm can affect firm profits.

    Example :
    Assume a strong invest in having a new product that is knows to be better than existing products in the market.

    Associated with they do not know the product is definitely
    superior.
    _ The Primary Agent Problem
    Uneven data affects many managerial decisions, including
    issuing credit to consumers and selecting employees. Particularly, job
    candidates have much better details about their own capabilities than those
    anyone responsible for hiring new workers. A job applicant who claims to
    own exceptional abilities could be lying or telling the
    truth, the private director has less data compared to applicant.

    o Adverse choice
    _ Refers to your situation where a selection procedure results in a
    pool of people with economically undesirable characteristics.

    o Moral danger
    _ Situation where one party to take a agreement requires a
    invisible activity that benefits her or him at the cost of another party
    Exhibit your accessibility presenting game theory and provide the
    applications in real life (hint celebrity with prisoners predicament)
    Game theory is really a framework to assist in decision making when your pay-off depends upon the actions taken
    by other players. The selection of the participants is named strategies.
    The pay-offs would be the profits or losses that derive from
    the strategies.
    _ Simultaneous-move games
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    A common goal for a statistical research project is to discover causality, and in particular to draw a conclusion on the effect of changes in
    the values of predictors or independent variables
    on dependent variables or reactions. There are 2 major types
    of causal statistical studies: experimental study and observational studies.
    In 2 types of studies, the effect of differences of an independent variable (or variables) on
    the behavior of the dependent variable are observed.
    by: bisnis indonesia (contact) - 14 Aug '13 - 13:52
    Each person makes decision without understanding of the other players_ decision.

    This plan can be utilized to evaluate situations where the earnings
    of a firm depend not only on the firms_ action but on those things of competing firm
    also.
    Example:
    An Advertising Sport
    Firm W
    Method
    Advertise Don_t Promote
    Advertise $10 $10 $20 $0
    Don_t Advertise $0 $20 $5 $5
    Both An and B can get $10, if B also advertises. In this example describe when An and B
    both advertise, they'll get at the very least the same perception available in the market, so the income could increase by $10. But when An advertise and B decided not to advertise, a will get big chance to promote their solution and get increase revenue at $20 while B won't get anything,
    $0.
    _ Sequential-move games
    It is also very important to differentiate between one _shot games and repeated games.

    In one shot game, the actual game is played only once.

    One player makes a move after seeing another player move.

    3. People_s threat tolerances differ at different levels.
    Show noise principle behind this discussion and
    provide illustrations and ideas in actual phenomena or business activities.

    (tip focus on the thought of risk averse)
    People_s attitudes toward risk will vary. There are 3 types
    of People_s threat tolerances:
    1. Risk Averse
    An individual who favors a sure amount of $M to a
    risky prospect with an predicted value of $M
    2. Risk Loving
    Person prefers a dangerous prospect by having an
    estimated value of $M into a sure quantity of $M.
    3. Risk Neutral
    Individual is indifferent between a dangerous prospect having an estimated price of sure
    and $M amount of $M.
    Fresh students with no knowledge of selling product A might have enough weapons
    if they are expected to create the price of product
    A. Show your tools.
    People who has expertise, they use intuition setting the price.
    However for individuals who doesn_t have any experience, their
    weapon is theory, that they got from their education.

    G is Price
    AC is Regular Price
    M is Mark up Price
    E is flexibility
    Flexibility (e) is affected by :
    _ Price Discrimination
    Pricing selection presumes the firm must charge the same price for every device that people purchase available in the market.

    You can find three basic types of price discrimination, and
    each types has different of information about consumers:
    By adopting this strategy, the company extracts all surpluses from buyers and thus earns peak earnings.

    Case :
    _ Car merchants, aspects, medical practioners and solicitors
    _ Car retailers post stickers prices on cars that are well above the dealer_s actual marginal cost, however they also offer discounts to customers on a case-by-case basis.
    This way they're able to charge different rates to different customers depending on each consumer_s readiness and ability to pay. This exercise allows them to market more cars and to generate higher profits than they would if they charged the exact same value to all consumers. Likewise, most professionals also fee rates because of their services that vary, depending on their assessment of customers_ readiness and ability to pay.
    by: gold bulish (contact) - 14 Aug '13 - 14:07
    Each participant makes decision without knowledge of one other players_ decision.

    The very fact that the game is _one-shot_ means that the participants may play the game
    only once. This plan can be used to investigate situations where the profits of the firm depend not merely on the firms_
    action but on those things of competing firm also.

    Example:
    An Advertising Game
    Firm N
    Technique
    Advertise Don_t Promote
    Advertise $10 $10 $20 $0
    Don_t Advertise $0 $20 $5 $5
    If B also promotes, both An and B can get $10. But, if B doesn_t advertise, A will get $20 and B will
    get $1. In this case describe that when An and B both advertise, they will get at the
    very least the same perception in the market,
    therefore the income could increase by $10. But if An advertise and B do not advertise, then A will get big opportunity to increase
    their product and get increase revenue at $20 while B don't get anything,$0.
    They both got to be able to increase their profit at $5, if both An and B promote.
    _ Sequential-move activities

    In a single shot game, the main game is played only once. In a repeated game, the main game is played more than once.
    3. People_s danger tolerances vary at different levels. (trace start with the idea of risk-averse)
    People_s attitudes toward risk are very different. You will find 3 kinds of People_s threat tolerances:
    1. Risk Averse
    A person who wants a certain amount of $M to a risky prospect with an predicted value of $M
    2. Risk Loving
    Person prefers a dangerous prospect by having an expected value of $M to your sure quantity of $M.
    3. Risk Neutral
    Individual is indifferent between a dangerous prospect with an expected price of $M and sure quantity of $M.
    New students without knowledge of selling product A might have enough weapons if they are asked setting the cost of product A. Present your weapons.
    People that has knowledge, they use intuition to create the purchase price. But for people who doesn_t have any experience, their weapon is theory, that they got from their education.
    P is Price
    AC is Normal Charge
    M is Mark-up Price
    E is elasticity
    Strength (e) is suffering from :
    _ Price Discrimination
    Pricing selection presumes the firm must charge the same price for every unit that people purchase in the market. But sometimes, nevertheless, firms could generate greater profits by charging different charges for the same product or services, a strategy referred to as price discrimination.
    You will find three basic types of price discrimination, and each types has different of information regarding consumers:
    It_s a predicament that charge each customer the maximum price she or he would be prepared to pay for each unit of the nice purchased. By adopting this tactic, the organization extracts all surpluses from clients and thus earns peak profits.
    Case :
    _ Car merchants, aspects, doctors and attorneys
    _ Car dealers post stickers charges on cars that are well above the dealer_s actual marginal cost, nevertheless they also offer discounts to clients on a case-by-case basis. The best salesperson can size up clients to ascertain the minimum discount required to cause them to drive away with the automobile. This way they're able to charge different prices
    to different customers determined by each consumer_s willingness and ability
    to pay. This practice enables them to sell more cars and to earn greater profits than they'd if they charged exactly the same value to all consumers. Equally, many specialists also demand rates due to their services that vary, based on their analysis of customers_ readiness and ability to pay.
    by: indonesianeconomicnews.blogspot.com (contact) - 14 Aug '13 - 14:37
    Each quarter well-known consultants in the Australia receive more than $4
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    services, any policy & procedure re-evaluation.

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    Our business is focusing in guarding and improving practice.

    We undertake a range of zones of activity, including BMC - our own unique framework of review.
    We, have goodly experienced and talented directors offer a
    wide variety of special session services to meet managers many needs.
    We and our partner provides you with the research and statistics solutions to grow your share of the military
    market penetration. We offer detailed support that can help you get your business objectives through consulting on
    strategic strategies, product development, marketing programs and channels for
    distribution.

    A common goal for a statistical research project is to discover
    causality, and in particular to draw a conclusion on the effect of
    changes in the values of predictors or other variables on dependent variables or actions.
    There are two major types of causal statistical studies:
    experimental studies and observing study. In both types of studies, the effect of differences
    of an independent variable (or variables) on the behavior of the dependent variable are observed.
    by: training management (contact) - 14 Aug '13 - 14:56
    1. Asymmetric information appears in many areas.
    (can happen if buyer have less information than seller).
    Uneven information affects :
    _ The market for Lemon
    Asymmetric information between consumers and firm can affect firm profits.

    Case :
    Suppose a strong invest in having a new product that is knows to be better than existing services and products in
    the market. Buyers, on the other-hand, are impossible to know whether the new product is actually superior to the current goods or whether the company is
    falsely declaring the product to be superior. If the amount of
    asymmetric information is helping enough, people might
    refuse to purchase a new product even if it is actually better than the present products.
    This is because they do not know the product is definitely superior.

    _ The Principal Broker Issue
    Uneven data influences many managerial decisions,
    including issuing credit to customers and hiring workers.
    Specifically, job applicants have far better information regarding their own abilities than those the person in control of hiring new workers.
    With this specific overview, some conditions that can occur in these presences of
    Asymmetric information:
    o Adverse collection
    _ Refers to a situation where a range procedure results in a
    pool of individuals with financially unwanted features.

    o Moral hazard
    _ Situation where one party to take a agreement requires a hidden activity that benefits him or her at the trouble of another
    party
    2. There are plenty of phenomena or business activities are
    suitable to the game theory. Exhibit your supply presenting game theory and supply the programs in real life (trace celebrity with prisoners problem)
    Game theory is really a construction to help in decision-making whenever your
    compensation depends on the actions taken by other
    players. In a game, it consisting of 2 firms, each of them must create a pricing conclusion and the firms are the players.
    The choice of the players is known as strategies. The payoffs are the gains or
    losses that result from the strategies.
    _ Simultaneous-move games
    by: Lewis (contact) - 14 Aug '13 - 15:16
    Each month well-known consultants in the Indonesia receive more than $9
    billion for their services. Much of this money pays for unsupported statistics and poorly prepared resource fo review services,
    banking policies & procedure re-evaluation.

    Our business model concept is focusing in safeguarding and increase the efficiency of practice.
    We and our partners undertake a range of areas of activity, including SILP - our own unique framework of review.
    We, have greatly experienced and talented managers offer a wide variety of consulting services to meet people
    many needs.

    We together with you provides you with the research and statistics solutions to grow your share of the Asian market.
    We offer deep support that can help you get your business goals
    through consulting on strategic terms, product
    development, marketing programs and channels for distribution.
    A common objective for a statistical research project is to investigate causality, and in particular to draw a conclusion on the effect of changes in the values
    of predictors or other variables on dependent variables or response.
    There are 2 main types of causal statistical studies:
    experimental studies and observing study. In 2 types of studies, the effect
    of differences of an independent variable (or variables) on
    the behavior of the dependent variable are observed.
    by: press release rupiah indonesia (contact) - 14 Aug '13 - 16:37
    Each quarter well-known consultants in the China
    receive more than $5 billion for their services. Much of this money pays for shadowy data and poorly prepared resource fo review services, government policy & procedure evaluation.
    Our business is focussed in taking care of and improving practice.

    We and our partners undertake a wide range of areas of activity, including SILP -
    our own unique model of review. We, have
    goodly experienced and talented people offer a wide variety of
    super services to meet corporations many needs.

    We and our partner provides you with the research and business solutions to
    grow your share of the global market penetration.
    We have deep support that can help you get your business goals through consulting on strategic things, product development, marketing
    programs and channels for distribution.

    A common goal for a statistical research project is to investigate causality, and in particular to draw a actionable conclusion on the
    effect of changes in the values of predictors or other variables on dependent variables or actions.
    There are 2 main types of causal statistical studies: experimental study and
    observational study. In both types of studies, the effect of
    differences of an independent variable (or variables) on the behavior of the dependent variable are observed.
    by: jasa seo terbaik (contact) - 17 Aug '13 - 04:17
    1. Asymmetric data appears in many areas. Implement the style
    of industry for lemon and principal agent problem to investigate markets.
    Asymmetric information is when a number of people have better information than the others situations that you can get.
    if buyer have less data than seller) (can happen.

    Asymmetric information influences :
    _ The market for Lemon
    Asymmetric information between firm and buyers can impact
    firm profits.
    Case :
    Suppose a company invest in creating a new product that's knows to be superior to existing products on the market. The reason is that they do not know the item is indeed superior.
    _ The Primary Agent Problem
    Asymmetric information influences several managerial decisions, including issuing credit to consumers and selecting employees. In particular, job candidates have much better information about their very own capabilities than those anyone in charge of hiring new workers. Work applicant who claims to have exemplary skills could be lying or telling the truth, the individual manager has less information than the applicant.
    o Adverse selection
    _ Refers into a situation where a selection process results in a pool of individuals with economically unwanted traits.
    o Moral threat
    Exhibit your accessibility to present game theory and provide the programs in real-life (hint star with prisoners problem)
    Game theory is really a construction to help in decision making as soon as your payoff depends upon the steps taken by other players. The selection of the players is called strategies. The pay-offs will be the profits or losses that derive from the strategies.
    _ Simultaneous-move games
    by: berita ekonomi inggris (contact) - 17 Aug '13 - 06:06
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    and unrealiable.
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    Amex Car Insurance is arranged and administered by Tesco Bank and is underwritten by a select range of insurers.
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    Each year management consultants in the China receive more than $5 billion for their services.
    Much of this money pays for dpdgy statistics and poorly prepared
    resource fo review services, credit rules & procedure evaluation.

    Our business system is focussed in safeguarding and increase the efficiency of
    practice. We and our partners undertake a wide range of zones of activity,
    including SILP - our own unique model of review.
    We, have greatly experienced and talented directors offer a wide variety of consulting services to meet directors many
    needs.

    We and our partner provides you with the research and business tools
    to grow your share of the retirement market. We have detailed support that can help you get your
    business objectives through consulting on strategic things, product development, marketing programs and channels for distribution.

    A common goal for a statistical research project is to discover causality, and in particular to draw a conclusion on the effect of changes in the values of predictors or independent variables on
    dependent variables or actions. There are two main types of causal statistical studies:
    experimental studies and observational study. In both types of
    studies, the effect of differences of an independent variable (or variables) on the behavior of the dependent variable are observed.
    by: harian dolar (contact) - 17 Aug '13 - 10:00
    1. Asymmetric information appears in lots of areas.
    (offer example for three products/services)
    Asymmetric information is conditions that you can get when
    many people have better information than the others. (will happen if buyer have less data than seller).
    Asymmetric information influences :
    Asymmetric information between firm and customers can impact firm profits.

    Example :
    Assume a company invest in creating a new product that's knows to be better than existing services and products available in the market. Consumers might will not purchase a new product even if it truly is much better than the present products, if the degree of asymmetric information is helping enough. The reason is they do not know the merchandise is definitely superior.
    _ The Primary Broker Issue
    Uneven data affects several managerial decisions, including issuing credit to consumers and employing workers. Particularly, job applicants have far better details about their own abilities than those the individual in control of hiring new workers. Employment applicant who claims to own exemplary abilities may be lying or telling the truth, the individual director has less data than the applicant.
    o Adverse variety
    _ Refers to your situation where a variety process results in a pool of people with financially unwelcome faculties.
    o Moral threat
    Show your access to present game theory and give you the applications in real-life (trace celebrity with criminals predicament)
    Game theory is just a structure to assist in decision making as soon as your benefit depends on the actions taken by other participants. The in the pipeline choice of the players is called strategies. The payoffs are the gains or losses that derive from the strategies.
    _ Simultaneous-move activities
    by: berita emas london (contact) - 20 Aug '13 - 12:14
    A thing about Choppers is that it is very expensive and unrealiable.

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    golds Car Insurance is arranged and administered by Tesco Bank and is underwritten by a select range of insurers.
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    by: asuransi bonding bagus (contact) - 20 Aug '13 - 14:06
    1. Asymmetric information appears in many sectors. Use the type of market for
    lemon and principal agent problem to evaluate markets.
    (offer representation for three products/services)
    if customer have less information than seller) (may happen.

    Asymmetric data influences :
    Asymmetric information between buyers and firm make a difference firm profits.

    Example :
    Suppose a firm invest in creating a new product that is knows to
    be more advanced than existing products available in the market.
    Buyers, on the other-hand, are impossible to know whether the new product is actually
    superior to the present products or whether the organization is falsely
    declaring the product to be superior. This is because they don't know the product is definitely superior.
    _ The Primary Agent Issue
    Asymmetric data influences many managerial decisions, including issuing credit to consumers and selecting employees. Particularly, job applicants have much better details about their very own abilities than those the individual responsible for hiring new workers.
    o Adverse choice
    _ Refers into a situation where a selection procedure results in a pool of people with economically unwanted qualities.
    o Moral hazard
    _ Situation where one party to take a contract has a invisible activity that benefits him or her at the expense of another party
    2. There are plenty of phenomena or business activities are appropriate for the game theory. Show your accessibility presenting game theory and give you the applications in real-life (touch star with criminals dilemma)
    Game theory is really a construction to help in decision making when your payoff depends upon the measures taken by other participants. The prepared decision of the players is known as strategies. The pay-offs are the profits or losses that result from the strategies. In the investigation of the activities, the order in which player makes decisions is essential, you can find 2 types:
    _ Simultaneous-move activities
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    Decision is made by each player without understanding of the other players_ decision.
    This strategy can be used to investigate situations where the earnings
    of a firm depend not only on the activity but
    on what of competing firm also.
    Example:
    An Advertising Sport
    Firm N
    Approach
    Advertise Don_t Market
    Advertise $10 $10 $20 $0
    Don_t Advertise $0 $20 $5 $5
    If B also promotes, both An and B can get $10. In this case describe that when An and B
    both advertise, they will get at the very least the same perception on the market,
    so the income could increase by $10. But if A B and
    advertise decided not to advertise, then The will
    get big chance to market their product and get increase income
    at $20 while B don't get anything,$0.
    If both An and B advertise, then they both got an opportunity to raise their profit at $5.
    _ Sequential-move activities

    It's also very important to distinguish between one _shot games
    and repeated games. In one shot game, the game is played only once.
    In a repeated game, the game is played more than once.

    3. People_s danger specifications range at different degrees.
    Show noise concept behind this discussion and provide pictures and ideas in actual phenomena
    or business activities. (tip begin with the concept of risk-averse)
    You will find 3 kinds of People_s risk tolerances:

    1. Risk Averse
    A person who favors a sure amount of $M to a risky prospect having an expected value of $M
    2. Risk Loving
    Person prefers a risky prospect by having an expected value of $M to
    some sure number of $M.
    3. Risk Neutral
    Person is indifferent between a dangerous prospect with an estimated price of $M and sure quantity of $M.

    4. People with long experience in selling product A may have power to set the price
    of the product. If they are expected setting the price of product A new students without any experience of selling product A may
    have enough weapons. Show your tools.
    People that has knowledge, they use intuition setting the price.

    G is Price
    AC is Typical Cost
    M is Mark-up Price
    E is strength
    Strength (e) is suffering from :
    _ Price Discrimination
    Price Discrimination is the practice of charging different price to consumers for the exact same good or
    services. Pricing decision considers the company should
    charge the same price for every unit that customers purchase available in the market.
    You can find three basic types of price discrimination, and each types
    has different of details about consumers:
    1. First Diploma Price Discrimination / Perfect Price Discrimination
    By using this strategy, the organization thus earns peak earnings and extracts all surpluses
    from buyers. The first degree price discrimination is hard/difficult
    to apply because it requires the firm to know precisely the optimum price each customer is able and willing to buy alternative quantities of
    the product.
    Example :
    _ Car merchants, mechanics, doctors and lawyers
    In this way they are in a position to charge different prices to different customers depending on each consumer_s willingness and ability
    to pay. This practice enables them to market more cars and to make higher
    profits than they'd if they charged exactly the same cost to all consumers. Equally, many experts also demand rates due to their services that vary, depending on their review of customers_ willingness and capability to pay.
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    1. Asymmetric information appears in several sectors. Use the style of
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    (will happen if buyer have less information than seller).
    Asymmetric information influences :
    _ The market for Lemon
    Asymmetric information between customers and firm make a difference firm profits.

    Example :
    Assume a firm invest in developing a new product that is knows to be more advanced than existing services and products in
    the market. Customers, on the other hand,
    are impossible to know whether the new product is actually superior to the existing goods or whether the agency is falsely declaring the product to be superior.
    The reason is they do not know the product should indeed be superior.
    _ The Primary Broker Issue
    Uneven data influences many managerial decisions, including
    issuing credit to clients and employing workers.
    Particularly, job candidates have far better information about their very own capabilities than those
    the person responsible for hiring new workers.
    o Adverse choice
    _ Refers to a situation where a range procedure results in a pool of people with financially undesirable features.
    o Moral threat
    _ Situation where one party to take a agreement requires a
    invisible activity that benefits her or him at the expense of another party
    Display your accessibility presenting game theory and supply the applications in real life (tip celebrity with prisoners challenge)
    Game theory is really a structure to assist in decision making
    whenever your pay-off depends on the steps taken by other people.
    In a game, it composed of 2 firms, all of them must produce a
    pricing conclusion and the firms are the players.
    The choice of the participants is called strategies.
    The pay-offs are the gains or losses that derive from the strategies.
    _ Simultaneous-move games
    by: menganalisis keadaan forex amerika (contact) - 22 Aug '13 - 05:31
    1. Asymmetric data appears in several areas. (offer illustration for three products/services)
    Asymmetric information is when many people have better information than the
    others situations that you can get. if purchaser have less information than seller) (will happen.

    Uneven information affects :
    _ The market for Lemon
    Asymmetric information between firm and consumers make
    a difference firm profits.
    Example :
    Assume a strong invest in having a new product that's
    knows to be superior to existing services and products
    on the market. Associated with that they don't know the
    merchandise is indeed superior.
    _ The Principal Agent Problem
    Uneven information influences many managerial decisions,
    including issuing credit to customers and selecting personnel.

    Specifically, job candidates have much better details about
    their own capabilities than those anyone responsible for hiring new workers.
    With this particular overview, some issues that can arise in these presences of
    Asymmetric information:
    o Adverse variety
    _ Refers to a situation where a variety process results in
    a pool of individuals with economically unwelcome features.

    o Moral risk
    Demonstrate your accessibility presenting game
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    Game theory is really a framework to assist in decision making whenever your payoff depends on the
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    The choice of the people is known as strategies.

    The pay-offs will be the gains or losses
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    _ Simultaneous-move games
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    Each player makes decision without familiarity with the other players_ decision.
    The very fact that the game is _one-shot_ means that the players can play the game only once.
    This plan can be used to investigate situations where the profits of the firm depend not
    just on the firms_ activity but on what of rival firm as well.

    Example:
    A Marketing Sport
    Firm B
    Method
    Advertise Don_t Advertise
    Advertise $10 $10 $20 $0
    Don_t Advertise $0 $20 $5 $5
    If Your Advertise, B has 2 odds, that is advertise or not advertise.

    If B also advertises, both An and B can get $10.
    But when A B and advertise do not advertise, then A will
    get big chance to promote their product and
    get increase gain at $20 while B don't get anything,$0.

    Then they both got to be able to increase their profit at $5,
    if both An and B advertise.
    _ Sequential-move activities
    In a single shot game, the underlying game is played
    just once.

    3. People_s chance specifications range at various degrees.

    Display sound theory behind this argument and give illustrations and suggestions in
    real phenomena or business activities. (tip begin with
    the idea of risk averse)
    People_s attitudes toward risk will vary. You can find 3 forms of
    People_s risk tolerances:
    1. Risk Averse
    A person who favors a certain amount of $M into a risky prospect with the predicted value
    of $M
    2. Risk Loving
    Person enjoys a risky prospect with an estimated value
    of $M into a sure quantity of $M.
    3. Risk Neutral
    Individual is indifferent between a dangerous prospect with an estimated value of
    $M and sure level of $M.
    If they're expected setting the cost of product A clean graduates without any experience of selling product A might have enough
    weapons. Show your guns.
    Individuals who has experience, they use intuition to set the cost.

    But for people who doesn_t have any experience, their weapon is
    theory, which they got from their education.
    The pricing Theory :
    P is Price
    AC is Average Price
    M is Mark up Price
    E is elasticity
    Elasticity (e) is suffering from :
    _ Price Discrimination
    Pricing decision considers the company should charge the same price for every single product that people purchase available in the market.

    You can find three fundamental types of price discrimination,
    and each types has different of information regarding consumers:
    1. First Degree Value Discrimination / Perfect Price Discrimination
    It_s a situation that charge each customer the maximum price she
    or he will be prepared to pay for each unit of the nice purchased.
    By following this strategy, the organization thus earns peak
    profits and extracts all surpluses from clients.
    The first-degree price discrimination is hard/difficult to implement because it requires the firm to understand exactly
    the optimum price each buyer is willing and able to buy alternative levels of the product.

    Case :
    _ Car traders, aspects, doctors and lawyers
    In this way they're in a position to charge different rates to different customers based on each consumer_s readiness
    and capability to pay. This exercise permits them to sell more cars and to make greater profits than
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    Equally, most experts also fee prices for their services that vary, depending on their
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    by: berita eur (contact) - 30 Aug '13 - 22:50
    1. Asymmetric data appears in several sectors.
    (provide example for three products/services)
    Asymmetric information is situations which exist when some individuals have better information than others.
    if customer have less data than seller) (will happen.

    Uneven data influences :
    _ The market for Lemon
    Asymmetric information between customers and firm can affect
    firm profits.
    Case :
    Suppose a firm invest in developing a new
    product that's knows to be better than existing products on the
    market. If the degree of asymmetric information is offering enough, consumers may possibly will not purchase
    a new product even if it truly is much better than the present
    products. This is because that they don't know the item is definitely
    superior.
    _ The Primary Broker Problem
    Asymmetric information affects several managerial decisions, including issuing credit to clients and selecting personnel.

    In particular, job applicants have far better information about their
    own abilities than those the person in control of hiring new workers.

    With this specific overview, some problems that can occur in these presences of
    Asymmetric information:
    o Adverse variety
    _ Refers to a situation where a range process results in
    a pool of individuals with financially unwanted features.

    o Moral threat
    2. There are lots of phenomena or business activities are appropriate for the game theory.

    Exhibit your availability to present game theory and provide the applications in real life (trace celebrity with criminals predicament)

    Game theory is just a construction to help in decision-making when your benefit depends upon the actions taken by
    other people. The selection of the participants is called strategies.
    The pay-offs would be the profits or losses that result from the strategies.
    In the evaluation of the activities, the order by which player makes decisions is essential,
    there are 2 types:
    _ Simultaneous-move activities
    by: harga emas terbaik (contact) - 31 Aug '13 - 05:32
    1. Asymmetric information appears in lots of sectors.
    if buyer have less information than seller) (can happen.

    Asymmetric data influences :
    Asymmetric information between firm and customers can affect firm profits.

    Example :
    Suppose a firm invest in having a new product that is knows
    to be more advanced than existing products available in the market.
    Consumers, on the other hand, are unlikely to know whether the
    new product is truly superior to the existing products or whether the
    organization is falsely claiming the product to be superior.
    The reason is they do not know the merchandise is indeed superior.

    _ The Primary Broker Issue
    Uneven information influences several managerial decisions, including employing
    workers and issuing credit to clients. Specifically, job candidates have much better information about their very own abilities than those the person in charge of hiring new workers.
    Work applicant who claims to own excellent skills might be lying or telling the
    truth, the personal manager has less information as opposed to applicant.

    o Adverse choice
    _ Refers to a situation where a range process results in
    a pool of people with financially undesirable qualities.

    o Moral threat
    2. There are a lot of phenomena or business activities are acceptable to the game theory.
    Demonstrate your supply to present game theory and supply the applications in real life
    (sign celebrity with criminals predicament)
    Game theory is just a framework to help in decision making
    as soon as your payoff depends on the measures taken by other
    players. The prepared choice of the people is known as strategies.

    The payoffs are the profits or losses that result from the strategies.

    _ Simultaneous-move games
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    such as the Internet ) in the beginning, the Internet has exploded
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    name was later changed by the ARPAnet, NNP to the Internet in 1993.
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    million Internet users..|Computer and firm nodes online have different
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    1. Asymmetric information appears in several sectors.
    Asymmetric information is when some people have better information than thhe others conditions that you can get.
    (can happen if customer haqve less data thsn seller).

    Asymmetric dataa influences :
    _ The maket for Lemon
    Asymmetric information between firm and consumers can impact firm profits.
    Example :
    Suppose a firm invest in creating a new product that iss knoows too be more advanced than existin producs and services available in the
    market. If the degree of asymmetric information is offering enough, customers might refse to buy a new product even if itt truuly is much better than the present products.
    This is because that thesy do not know the product is definitely superior.

    _ The Princpal Broker Problem
    Uneven information influences many managerial decisions, including issuing credit to consumers and employing personnel.
    In particular, job candidates have farr better information about thrir own capabilities than those the person in charge of hiring new workers.

    o Adverse selection
    _ Refers to a situation wheere a range procedure results in a pool of individuals wwith finanxially undesirable features.

    o Moral risk
    _ Situation where one party to have a agreement takews a
    hidden activitry that benefits her or him at the cost of
    another party
    2. Tere are a lot of phenomena or business activities are suitaboe to the game theory.

    Exhibit yyour access to present game theory and give you
    the applications in real life (hint star with prisoners issue)
    Game theory is a framewor to aaid in decision-making when your compensation
    depends on the measures taken by other players. Thhe selection
    of the people is calledd strategies. The payoffs
    would be the gains or losses that derive from
    the strategies. In the analysis of the games, the order where player
    makes decisions is essential, there are 2 types:
    _ Simultaneous-move games
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    In accordance with Turban, Reiner, Potter (2005, p674 ), the Internet rew rom an experimental task at the Advanced Research Project Agency ( ARPA ) of the U.S.
    The project started in 1969, using the name of ARPAnet, to test the feasibility
    of wide area computer networks where researchers,
    teachers, military, annd government agencies can share information, exchange messages, and file transfer.
    Of four nodes ( computing equipment connected
    to the circle, including the Internet ) at first,
    the Internet is continuing too grow in to countless current node..
    The primary development occurred after professional companies
    allowed to participate in the ARPAnet, which later changed its name for the Internet in 1993..

    Currently there are approximately 500 million Internet users..|Computer annd
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    Main networks tbat connect the nodes alled backbone..
    For your Internet, backbone fiber optic network that will be presently operated by companies
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    Based on Turban, Reiner, Potter (2005, p674 ), the Internet grew from
    an experjmental project at the Advanced Research Project Agency ( ARPA ) of the U.S.
    The venture started in 1969, together with the name of ARPAnet,
    to try the feasibility of wide area computer networks where
    scientists, teachers, military, and government agencies are able to share data, exchange messages, and file-transfer.
    Of four nodes ( computing equipmjent linked to thee network, like the Internet )
    in the beginning, the Internet is continuing to grow
    in to millions of currennt node.. The primary growth occurred afteer commercial companies
    allowed to participate in its name was later changed by the ARPAnet, NNP for the Internet in 1993..

    Currentky there are around 500 million Internet surfers..|Computer and organizational
    nodes on thee web have different forms - different, different resources - different and connecfed by communication channels of information at different speeds - different..
    Major networks that connect the nodes called anchor.. For your Internet, backbone fiber-optic sytstem whichh can be currently operated by companies
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    Based on Turban, Reiner,Potter (2005, p674 ), the Internet grew from an experimental task at the Advanced Research Project Agency
    ( ARPA ) of the U.S. The project started in 1969, using the
    name of ARPAnet, to try the feasibility of wide area computer networks where experts, teachers,
    military, and government agencies can share data, exschange
    messages, and file transfer. Of four nodes ( computing equipment
    connected to tthe network, like the Internet ) at first, the
    Internet is continuing to grow into countless
    current node.. After industrial organizations allowed
    to participate in the ARPAnet, which later changed its name for the
    Internet in 1993. the main development occurred.
    Currently there are around 500 million Online users..|Computer and organizational
    nodes on the internet have diifferent types - different, different resources - different and inter-connected by
    communication channels of ddata at diifferent speeds - different..
    Main networks that link thee nodes called backbone..

    For the Internet, backbone fiber-optic network which will be currently operated by companies -
    telecommunications companies such as MCI.
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    Of four nodes ( computing equipment linked to thee system, like the Internet
    ) in the beginning, the Internet is continuing to grow in to millions of current node..
    After industrial companies permitted too participate in its namje was later changed by the ARPAnet, NNP to the
    Internet inn 1993. the primary groowth occurred. Currently there are approximately 500 million Internet surfers..|Computer and organizational nodes on the internet have differentt forms - different, different
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    and file transfer. Of four nodes ( commputing equipment linked to
    the community, like the Internet )at first, the Internet is continuing to grow into an incredible number of current node..
    The main development occurred after industrial businesses
    allowed to participate in its name was later changed by the ARPAnet, NNP for the Internet in 1993..
    Currently there are about 500 million Online users..|Computer and firm nodes oon the web have different kinds - different, different
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    Meta Information:

    Title: Chopin Project: To-Do List
    Date posted: May 23 '08 - 04:32
    Filed under: Chopin Project
    none Next entry: » Visual Recital: "Bunraku" by Toshiro Mayuzumi
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