Economics Homework Help. INTL 102 Diablo Valley College Importance of Information and Signaling Discussion
Tuesday October 19: The Importance of Information and Signaling (Theory)
John McMillan, “Gaining Bargaining Power,” and “Using Information Strategically” in Games, Strategies and Managers. pp. 59 -75. Posted on Canvas.
Case: The Cuban Missile Crisis, continued.
Memo and Discussion Questions:
Every actor playing a game makes decisions without full information. In other words, they operate under the condition of uncertainty. What pieces of information did President Kennedy and Khruschev not have about each other in terms of their motivations, the actions at their disposal, their respective resolve to follow through with each action, and the costs and benefits each would receive from each possible outcome? Be as specific and detailed as possible.
