Write two applications of the game theory covered in this course. The application can be related to economics, business, politics, sports, or other daily life observations.

Write two applications of the game theory covered in this course. The application can be related to economics, business, politics, sports, or other daily life observations. Please divide into 2 parts: Part I : Application 1 ( with explanation, graph, table) ~1000 words at least 3 sections: introduction, main text, and conclusion. Part II: Application 2 (with explanation, graph, table) ~1000 words at least three sections: introduction, main text, and conclusion. 2 Applications must be in different theory ( remark at the end of description) *You are not allowed to repeat the examples used in this course in your term paper. * You need to derive a new example/games with the existing theory or construct a game outside the syllabus ( I will attach the notes) *each one use 2 reference The application can be related to economics, business, politics, sports, or other daily life observations. Please choose the theory below: Collective action Evolutionary Games Prisoners’ Dilemma and Repeated Games Others: (not in the syllabus) e.g. Pirate games