Game Theory Consider the following situation.
A group of seniors are taking their last economics class in their final term at Carleton. They have already signed employment contracts for after graduation so this class is not the most important thing in their lives. They care about education but they care more about having a fun spring term. Every senior would dearly love to be offered the Senior Option. The instructor of this class cares about the integrity of the class but hates grading exams and would like to get out of it if he could.