Game theory

Write a paper that uses game theory to to set up a game designed to help a consumer decide whether to
buy life insurance or not. To keep the game relatively simple, assume the life insurance being considered
is term life, i.e. insurance without an accumulating investment value.

Keep in mind that your paper is going to be read by people without prior knowledge of game theory.
Remember to cite any outside references used.
Hint: The most common set-up for this game is to have a potential insurance buyer playing against ‘Mother
Nature’.

Sample Solution

History of the Great Wall of China

GuidesorSubmit my paper for examination

By Nicholas Klacsanzky

The Great Wall of China is an UNESCO legacy site, and stretches 13,171 miles. It is presumably the main thing vacationers consider when they visit China. Individuals realize it is enormous and that it ensured a realm, however many don’t have the foggiest idea about the history behind it and the subtleties of its development. In the event that you don’t get the opportunity to visit China and read data about the site, at that point this exposition will enhance a portion of this missed information. In the accompanying sections, I will breakdown the historical backdrop of the Great Wall and ideally you will pick up knowledge into this significant nation and its antiquated occasions.

By eighth century BC, the Chinese were at that point building gigantic dividers to brace outskirts (Chiculture.net). In the Warring States time frame, the conditions of Qin, Wei, Zhao, Qi, Yan, and Zhongshan constructed dividers to keep out assailants and to show where their fringes were. These dividers were usually made out of earth, rock, and wood (Newsmth.net).

Out of the Warring States time frame developed the triumphant King Zheng of Qin, who had crushed his aggressors and competed to bring together China. He was delegated the First Emperor of the Qin line in 221 BC, and his underlying request of business was to bring down existing fringe dividers in his domain that were intended to isolate. After this was finished, he requested that another divider to be made along the realm’s northern edge, and to associate a few dividers with the goal that the domain could be totally stamped. Be that as it may, he didn’t believe the dividers to be a fixed development: Zheng’s rule was to manufacture and push ahead with the domain. In this sense, the Qin Wall was to a greater degree an adaptable and continually evolving apparatus (Burbank, Jane; Cooper, Frederick).

As you can envision, the Qin Wall was hard to build without present day gear. They gave a valiant effort to utilize neighborhood materials from mountains and the earth. Unfortunately, today, there are just a couple of segments of the first Wall that despite everything stand today. The specific length isn’t known because of an absence of records, and up to a million lives were lost as laborers gave a valiant effort to fabricate this milestone (Slavicek, Louise Chipley).

In the accompanying times of the Han tradition (206 BC–220 AD), the Sui administration (581–618 AD), and northern lines (420–589 AD), the Great Wall was fixed, modified, and developed. By and by, the expense of lives was incredible, however they considered it to be basic so as to keep northern trespassers out of the realm. In any case, in the Tang (618–907 AD) and Song (960–1279 AD) lines, very little was done to guard against assaults in the north, and further work on the Great Wall was not put a lot of thoughtfulness regarding. As a side note, the Liao (907-1125 AD), Jin (1115-1234 AD), and Yuan (1271–1368 AD) traditions fabricated dividers north of the Great Wall in Inner Mongolia and Mongolia (Waldron, Arthur).

It was not until the Ming administration in the fourteenth century that the Great Wall genuinely thrived, however. At the point when the Ming line endured a thrashing by the Oirats at the Battle of Tumu, and the Ming couldn’t push the Mongolian danger after numerous assaults, they chose to manufacture another piece of the Great Wall in the north in the Ordos Desert (Karnow, Mooney et al.). The Ming additionally went for more grounded development materials, for example, blocks and stone contrasted with for the most part earth. What’s more, there were around 25,000 watchtowers along this segment of the Wall so as to ensure the Mongols couldn’t further their hostility in the realm (Szabó, József et al.). With some Mongolian assaults happening from time to time, the Wall was constantly being fortified. Military general Qi Jiguang fixed and strengthened the north side of the Wall, and made an extra 1,200 watchtowers right from Shanhaiguan Pass to Changping (Great Wall of China).

Despite the fact that the Mongols were a significant risk to the domain from its beginnings, in the Ming tradition, the Manchu were likewise making strides. They are an ethnic minority of China, and they started to attempt to hold onto control of Ming power around 1600. With progressive fights, the Manchu defeated the Great Wall in 1644 to vanquish land with the assistance of Li Zicheng—a dissident head against the Ming line. In any case, as the Manchus moved toward Beijing, the Ming tradition made a détente with them, and both of the militaries together effectively dispatched Li Zicheng’s renegades. From this extraordinary occasion, the Qing line was shaped (1636–1912 AD) and was the last royal administration of China. With the intensity of the Manchu on their side and restored solidarity, China’s outskirts before long went past the Great Wall and Mongolia was in the long run attached. At the point when this happened, the further development of the Wall stopped (Elliott, Mark C.).

The Great Wall’s development began as a unification venture from the Qin tradition and finished with the last royal administration of China, and with Mongolia at last leveled out. Maybe a large number of lives were given to its establishment, development, and upkeep. Many fights and a few wars were pursued around and inside its outskirts. The Wall extends through land, yet in addition through the numerous administrations of the ever-creating China.

References

歷代王朝修長城 (in Chinese). Chiculture.net. Recovered October 24, 2010.

古代长城 – 战争与和平的纽带 (in Chinese). Newsmth.net. Recovered October 24, 2010.

Burbank, Jane; Cooper, Frederick (2010). Domains in World History: Power and the Politics of Difference. Princeton, New Jersey: Princeton University Press. p. 45.

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