Sample interview questions: Describe a time when you had to modify or adapt a game theory model to incorporate environmental or sustainability considerations. How did you approach it?
Sample answer:
Adapting a Game Theory Model for Sustainability
In my role as a Game Theory Analyst, I encountered a situation where I needed to adapt a Prisoner’s Dilemma model to incorporate environmental considerations. The original model simulated the decision-making process of two companies, each choosing between “Cooperate” (reduce emissions) or “Defect” (continue emitting).
Approach:
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Identify Relevant Factors: I defined environmental variables such as carbon footprint, pollution levels, and ecological damage.
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Assign Payoffs: I adjusted the payoffs to include environmental costs. For example, if Company A chose to “Cooperate” by reducing emissions, it would incur a financial cost but gain an environmental benefit (reduced pollution).
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Consider Long-Term Impacts: I introduced time-dependent factors. Long-term environmental degradation would lead to reduced payoffs for both companies in the future.
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Incorporate External Players: I added a third player, representing an environmental regulator. The regulator imposed fines for excessive emissions, incentivizing companies to choose sustainable actions.
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