Thursday, October 6, 2011
Pemberton
While doing this class activity I noticed a few factors that could have initially altered our results. First, in the process of showing our signs of open or close I know a few members changed their ideas if they saw the other group change their signs. This process should have been more private so both teams couldn't change their ideas last minute. The other problem I noticed was in the negotiation process. My team specifically was taking on the idea of meeting in the middle, rather then mathematically figuring out the outcome. My partner and I trusted our competitors by agreeing with this process and in the end we got screwed over only making 20,000 profit.
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