Game Theory-Sequential Games are Played in Business All the Time. So what is Game Theory and how do businesses uses games? Here is some help from Dr C. https://cdnapisec.kaltura.com/index.php/extwidget/preview/partner_id/956951/uiconf_id/38285871/entry_id/1_x4lxfbpw/embed/dynamic In the text, we consider a sequential-move game in which an entrant is considering entering an industry in competition with an incumbent firm (See Figure 15-1). There are several possibilities of how this sequential game will be played. We want to use the Froeb rule of look ahead and reason back. Can and how does the entrant succeed? Is the incumbent ever in control of this game? Hint, the game is the Duopoly game explained in the video on this week's page. PLEASE DO NOT RELY ON WIKIPEDIA, INVESTOPEDIA OR ANY OTHER PEDIA AS A REFERENCE AT ANYTIME IN THIS COURSE.Response from one of my peersWeek 6 Discussion Board In the text, we considered a sequential-move game in which an entrant was considering entering an industry in competition with an incumbent firm (Figure 15-1). Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a loss of 1 for the entrant and a gain of 8 for the incumbent), or staying (at a loss of 5 for each player). What is the equilibrium of this game? Discuss if the entrant is better off with or without the ability to withdraw. In my opinion the entrant is better without the option to withdraw. The equilibrium game is designed to use prediction to make the best decision for each person playing. They make a decision on what the other opponent will do and this will then guide the entrants decision. With equilibrium you companies can predict how to respond to competitors. If the incumbent firm knows there is an option to withdraw they will fight thus forcing the new entrant to withdraw while taking a loss. The new entrant should also be aware that with this option the incumbent firm will fight and they may experience losses. Knowing this information, it will be better for the new entrant not to enter the market at all. However, to refer back to the question at hand. If they enter the market it is better not to have the option to withdraw.

ScenarioYou have been an entry-level financial analyst for six months. Your supervisor, who is about to fill another entry-level financial analyst position on your team, has asked you to create a job aid about the financial analyst role to help the new hire transition smoothly. The job aid needs to describe the responsibilities of a financial analyst, the essential elements of the role, and the impact the role has on a business.DirectionsCreate a job aid for a new hire to an entry-level financial analyst position. Your job aid should be thorough yet easy for someone new to the field of finance to understand. You are encouraged to use the Project One Financial Analyst Job Aid template in the Supporting Materials section to complete this assignment.Specifically, you must address the following:Financial Analyst Job Aid: In this job aid, you will give a general overview of financial management and its importance to a business.Financial Responsibilities: Describe the responsibilities of a financial analyst.In this section, outline the responsibilities a financial analyst has in terms of financial management. Add 5 to 7 specific bullet points outlining these responsibilities, and use complete sentences so that expectations are clear.Financial Management Decisions: Discuss the importance of using financial management for business decisions, and provide examples to support your claims.Consider the bullet points you outlined above. How do those responsibilities help to inform management decisions, and what would happen if management didn’t have this information? This should be a brief paragraph with examples.Accounting Principles: Explain how accounting principles are used to analyze a business’s financial health, and provide examples to support your claims.Write a brief paragraph that explains accounting principles and how they are used within financial management in relation to analyzing financial health. What accounting information and approaches do financial analysts rely on, and how do they use it? What would happen if that information was not available or was not accurate?Financial Statements: Describe how financial statements are used to help businesses make finance-related decisions, and provide examples to support your claims.Consider identifying the information contained in financial statements and what financial analysts would need in order to do their job. What types of finance-related business decisions would this information help to inform? Provide real or fictional examples to help show this.Financial Terminology: Explain how a financial analyst would use the financial terms in their day-to-day responsibilities in a clear, easy-to-understand way.Define each term listed below and provide a 1- to 2-sentence explanation of how a financial analyst might use the term, especially when communicating information to management or clients, or when relaying information to inform important decisions:Financial statementLiquidityWorking capitalDiversificationTime value of moneyWhat to SubmitTo complete this project, you must submit the following:Financial Analyst Job AidSubmit your job aid as a 2- to 3- page Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Or, you may use the Project One Financial Analyst Job Aid template to help you complete this assignment. Sources should be cited according to APA style.Project One RubricCriteriaExemplary (100%)Proficient (85%)Needs Improvement (55%)Not Evident (0%)ValueFinancial ResponsibilitiesExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDescribes the responsibilities of a financial analyst, including the financial management responsibilities of the roleShows progress toward proficiency, but with errors or omissions; areas for improvement may include describing in further detail the responsibilities of a financial analyst, including the financial management responsibilities of the roleDoes not attempt criterion17Financial Management DecisionsExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDiscusses the importance of using appropriate financial management for making decisions within a businessShows progress toward proficiency, but with errors or omissions; areas for improvement may include discussing in further detail the importance of using appropriate financial management for making decisions within a businessDoes not attempt criterion18Accounting PrinciplesExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerExplains how accounting principles are used to analyze the business’s financial healthShows progress toward proficiency, but with errors or omissions; areas for improvement may include explaining more clearly how accounting principles were used to analyze the business’s financial healthDoes not attempt criterion16Financial StatementsExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDescribes how financial statements are used to help businesses make finance-related decisions, providing examples to support the claimsShows progress toward proficiency, but with errors or omissions; areas for improvement may include describing in further detail how financial statements are used to help businesses make finance-related decisions, providing examples to support the claimsDoes not attempt criterion16Financial TerminologyExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerExplains how a financial analyst would use the provided financial terms in their day-to-day responsibilities in a clear, easy-to-understand wayShows progress toward proficiency, but with errors or omissions; areas for improvement may include explaining in further detail how a financial analyst would use the provided financial terms in their day-to-day responsibilities or explaining in a clearer wayDoes not attempt criterion18Articulation of ResponseExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerClearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purposeShows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readabilitySubmission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas10Citations and AttributionsUses citations for ideas requiring attribution, with few or no minor errorsUses citations for ideas requiring attribution, with consistent minor errorsUses citations for ideas requiring attribution, with major errorsDoes not use citations for ideas requiring attribution5Total:100%