PTE Summarize Spoken Text Repeated Questions – Online Material

PTE Summarize Spoken Text – You will hear a short report. Write a summary for a fellow student who was not present. You should write 50-70 words in 10 minutes to finish the task.

We are providing sample response for your convenience. Don’t forget to share your own summary through comment box.

PTE Summarize Spoken Text Repeated Questions

4. – Listen to the audio and summarize it in your own words.

TRANSCRIPT (Only for reference, it will not be given in PTE Academic Test)

Again, still in the interest of recapping, this particular game is called the Prisoners’ Dilemma. It’s written there, the Prisoners’ Dilemma. Notice, it’s Prisoners, plural. And we mentioned some examples last time. Let me just reiterate and mention some more examples which are actually written here, so they’ll find their way into your notes. Read full transcript

So, for example, if you have a joint project that you’re working on, perhaps it’s a homework assignment, or perhaps it’s a video project like these guys, that can turn into a Prisoners’ Dilemma. Why? Because each individual might have an incentive to shirk. Price competition two firms competing with one another in prices can have a Prisoners’ Dilemma aspect about it. Why? Because no matter how the other firm, your competitor, prices you might have an incentive to undercut them. If both firms behave that way prices will get driven down towards marginal cost and industry profits will suffer. In first case, everyone shirks you end up with a bad product. In the second case, if both the good consumers but firms undercut each other, you end up with low prices, that’s actually for Let me mention a third example. Suppose there’s a common resource out there bad for firms. maybe it’s a fish stock or maybe it’s the atmosphere. There’s a Prisoners’ Dilemma aspect to this too.

SAMPLE RESPONSE: Click Here For Summary

The lecture is about the game called prisoner’s dilemma, essentially it is about how in a joint project such as a group homework assignment people can share individual responsibility. This happens because individuals might have an incentive to actually not to departs. This happens in other areas such as price competition between firms where one firm can feel it has incentive to price lower than competative. Eventually it can result in both firms making less profits. This is also seen with other common resouces such as fish stock and atmosphere.

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