4. Suppose a network exchange theory experiment is run on the graph depicted in Fig- ure 12.13 using the one-exchange ru
Posted: Fri May 20, 2022 6:21 am
4. Suppose a network exchange theory experiment is run on the
graph depicted in Fig- ure 12.13 using the one-exchange rule with
$10 placed on each edge.
(a) Say which node or nodes you would expect to make the most
money (i.e. receive the most favorable exchanges), and give a brief
(1-3 sentence) explanation for your
answer. You do not need to give actual numbers for the amounts of
money the nodes would receive.
(b) Now the experimenters vary the conditions slightly: instead
of placing $10 on the b-c edge, they place only $2. Otherwise, the
experiment is run exactly as before. Explain what you think
will happen to the relative power of each of the participants,
compared to the situation in (a), and give a brief (1-3 sentence)
explanation for your answer. Again, you do not need to give actual
numbers for the amounts of money the nodes would receive.
a b ะก d Figure 12.13:
graph depicted in Fig- ure 12.13 using the one-exchange rule with
$10 placed on each edge.
(a) Say which node or nodes you would expect to make the most
money (i.e. receive the most favorable exchanges), and give a brief
(1-3 sentence) explanation for your
answer. You do not need to give actual numbers for the amounts of
money the nodes would receive.
(b) Now the experimenters vary the conditions slightly: instead
of placing $10 on the b-c edge, they place only $2. Otherwise, the
experiment is run exactly as before. Explain what you think
will happen to the relative power of each of the participants,
compared to the situation in (a), and give a brief (1-3 sentence)
explanation for your answer. Again, you do not need to give actual
numbers for the amounts of money the nodes would receive.
a b ะก d Figure 12.13: