This document outlines a decision making exercise for four groups where each group must choose between X and Y over 10 rounds based on a payoff chart. The payoff for choosing X or Y varies each round, with some rounds multiplying the payoff by 3, 5 or 10. The goal is for groups to discuss their choices and try to win as much money as possible over the 10 rounds.
This document outlines a decision making exercise for four groups where each group must choose between X and Y over 10 rounds based on a payoff chart. The payoff for choosing X or Y varies each round, with some rounds multiplying the payoff by 3, 5 or 10. The goal is for groups to discuss their choices and try to win as much money as possible over the 10 rounds.
This document outlines a decision making exercise for four groups where each group must choose between X and Y over 10 rounds based on a payoff chart. The payoff for choosing X or Y varies each round, with some rounds multiplying the payoff by 3, 5 or 10. The goal is for groups to discuss their choices and try to win as much money as possible over the 10 rounds.
This document outlines a decision making exercise for four groups where each group must choose between X and Y over 10 rounds based on a payoff chart. The payoff for choosing X or Y varies each round, with some rounds multiplying the payoff by 3, 5 or 10. The goal is for groups to discuss their choices and try to win as much money as possible over the 10 rounds.
Download as DOC, PDF, TXT or read online from Scribd
Download as doc, pdf, or txt
You are on page 1/ 1
Win As Much As You Can
Decision Making Exercise: Four Groups
Payoff Chart:
4 X’s X - Lose $1.00 Each
3 X’s X - Win $1.00 Each 1Y Y - Lose $3.00 2 X’s X – Win $2.00 Each 2 Y’s Y – Lose $2.00 Each 1X X – Win $3.00 3 Y’s Y – Lose $1.00 Each 4 Y’s Y – Win $1.00 Each
Tally Sheet: Group Members: ______________________________________
Round Time Confer Choice $ Won $ Lost Balance
Allowed with 1 2 min. Group
2 1 min. Group
3 1 min. Group
4 1 min. Group
5 3 min. + Class 1 min. Group 6 1 min. Group
7 1 min. Group
8 3 min. + Class 1 min. Group 9 1 min. Group
10 3 min. + Class 1 min. Group
Round 5 payoff is multiplied by 3
Round 8 payoff is multiplied by 5 Round 10 payoff is multiplied by 10
