Game Theory Problem: Economics

In 500 words or less answer the following question rationally:
If I set a curve for the class, in theory if no one chose to take the exams or turn in homework, everyone would pass the class without having to attend, turn in homework or take an exam. How would you set up a game (think game theory) in an effort to avoid this outcome from the professor’s perspective? Remember, think about payoffs from the perspective of students in the class and how you would establish different outcomes for different choices if students colluded together versus if just one student decided to defect.

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp