Helpful Reading Comprehension Passages With Questions and Answers. Part 59

Navigating Language Proficiency: A Comprehensive Guide to Reading Comprehension Mastery

Embarking on the journey of language mastery involves a nuanced understanding of reading comprehension — a skill amalgamating the twin pillars of reading and comprehension. This article delves into the essential components that constitute an effective approach to this skill, utilizing a diverse array of resources, including comprehension passages and strategic reading comprehension exercises.

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This article underscores the significance of reading comprehension while weaving in the highlighted keywords, accentuating their role in the holistic journey of language proficiency.

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PARAGRAPH

Thomas Schelling and Robert Aumann will share the Nobel Prize in economics this year. The two men are being honored for their work in developing an economic idea. It is called game theory.

Game theory began as the study of decision-making in competitive situations, like games. John von Neumann [pronounced NOI-mahn] and Oskar Morgenstern linked the theory of games with economic activity more than sixty years ago.

In the nineteen fifties, John Nash developed an idea known as the “Nash equilibrium.” The Nash equilibrium is the point where all sides in a competitive situation believe they have been given the best offer they will ever get. He proved this with mathematical methods. Mr. Nash won the Nobel Prize in economics with two other men in nineteen ninety-four.

Mr. Schelling used the ideas of game theory to study real-life problems, such as the arms competition between the United States and the Soviet Union forty years ago. He was interested in what influenced negotiating groups. He showed how one side might decide to harm its interests for a short period of time to make gains over a longer period.

Mr. Schelling also used game theory to show how people become divided by race. He found that divided societies can result even among persons mostly willing to live near people of another race.

Mr. Aumann developed game theory mathematically so that it can be useful for different areas of study. He showed that peaceful cooperation can provide good results for all competitors in a game over a long period. This is true even among competitors with a temporary conflict of interest. Mr. Aumann also considered how reasonable decisions are made among groups. He showed that knowing what competitors know is important to decision-making.

The work of both men has influenced areas of study other than economics. International negotiators, military planners, business leaders and biologists use methods developed by Misters Schelling and Aumann.

Mr. Schelling, an American, is a retired professor of the University of Maryland. Mr. Aumann is a citizen of both the United States and Israel. He is a retired professor of the Hebrew University of Jerusalem.

QUESTIONS

John Nash’s concept, known as the “Nash equilibrium,” defines the point in a competitive situation where all sides believe they have received the __________ offer possible.	1
Thomas Schelling utilized game theory to explore real-life scenarios, including the arms race between the United States and the Soviet Union, investigating the influences on negotiating groups and demonstrating the tactic of sacrificing short-term interests for __________ gains.	2
Robert Aumann’s contribution to game theory focused on demonstrating how peaceful cooperation among competitors, even during a temporary conflict of interest, could yield favorable outcomes over an __________ period.	3
Mr. Schelling’s research using game theory shed light on the division among societies based on race, revealing that even individuals open to living near people of another race could result in __________ societies.	4
Both Thomas Schelling and Robert Aumann have had a substantial impact beyond economics, with their methodologies being utilized by various professionals including international negotiators, military planners, business leaders, and __________.	5