Why is the competition divided into two categories according to level? Give reasons to support your answer?
Answers
People are more likely to be competitive when:
▪︎They measure their self-worth by comparing themselves to others. ...
▪︎The competition is about something important to them. ...
▪︎Their competitor has a similar skill level. ...
▪︎They know their competitor personally. ...
▪︎They have an audience. ...
▪︎They have very good or very poor rankings...
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Competition arises whenever at least two parties strive for a goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game).[1]
It is, in general, a rivalry between two or more entities: animals, organisms, economic groups, individuals, social groups, etc., for group or social status, leadership, profit, and recognition: awards, goods, mates, prestige, a niche, scarce resources, or a territory.
Competition occurs in nature, between living organisms which co-exist in the same environment.[2] Animals compete over water supplies, food, mates, and other biological resources. Humans usually compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and fame. Competition is a major tenet of market economies and business, often associated with business competition as companies are in competition with at least one other firm over the same group of customers. Competition inside a company is usually stimulated with the larger purpose of meeting and reaching higher quality of services or improved products that the company may produce or develop.
Competition is often considered to be the opposite of cooperation, however in the real world, mixtures of cooperation and competition are the norm.[3] Optimal strategies to achieve goals are studied in the branch of mathematics known as game theory.
Competition has been studied in several fields, including psychology, sociology and anthropology. Social psychologists, for instance, study the nature of competition. They investigate the natural urge of competition and its circumstances. They also study group dynamics, to detect how competition emerges and what its effects are. Sociologists, meanwhile, study the effects of competition on society as a whole. In addition, anthropologists study the history and prehistory of competition in various cultures. They also investigate how competition manifested itself in various cultural settings in the past, and how competition has developed over time.
Explanation:
Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers."[23] Game theory is mainly used in economics, political science, and psychology, as well as logic, computer science, biology and poker.[24] Originally, it mainly addressed zero-sum games, in which one person's gains result in losses for the other participants.
Game theory is a major method used in mathematical economics and business for modeling competing behaviors of interacting agents.[25] Applications include a wide array of economic phenomena and approaches, such as auctions, bargaining, mergers & acquisitions pricing,[26] fair division, duopolies, oligopolies, social network formation, agent-based computational economics,[27] general equilibrium, mechanism design,[28] and voting systems;[29] and across such broad areas as experimental economics,[30] behavioral economics,[31] information economics,[32] industrial organization,[33] and political economy.[34][35]
This research usually focuses on particular sets of strategies known as "solution concepts" or "equilibria". A common assumption is that players act rationally. In non-cooperative games, the most famous of these is the Nash equilibrium. A set of strategies is a Nash equilibrium if each represents a best response to the other strategies. If all the players are playing the strategies in a Nash equilibrium, they have no unilateral incentive to deviate, since their strategy is the best they can do given what others are doing.
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