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Consider this as a payo?' matrix, where payoffs for the shooter (row player) are equal to these frequencies and payoffs for the goalie are 1 minus the frequency. (a) Show that there is no Nash equilibrium in pure strategies (mean- ing, without randomizations) (b) Find the equilibrium in mixed strategies (9L, 3;) that correspond, respectively, to the probability that goalie will go left and the probability that the shooter will shoot left. (I taught this in my lecture, but you can also search the web for "computing mixed strategies" or can view the following great lecture in youtube: How to construct strategy equilibrium.
Contrast the current SSA (neoliberalism) with the post-war SSA (capital labor accord, or 'golden age of capitalism') through two (very short) family
1. Explain why you would be more or less willing to invest in the stock market under the following circumstances:
q.assume that company abc is replacing workers on the manufacturing floor with robots and other machines. company xyz
The use of NPV as an investment criterion is said to be more reliable than using IRR. Discuss potential problems with the use of IRR.
Calculate the Herfindahl-Hirschman Indexes for 2006 and 2011. What information does this index tell you about changes in the industry? How does this information differ from the four-firm and eight-firm indexes?
What will happen to the demand curve of the Music industry CD?
Identify which of the following would generate a decrease in the market demand for e-book readers, which are a normal good. Write your answer in the space below each change in the market. Write YES if you think that the change would decrease market d..
Public policy toward monopolies Suppose that the government is concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. The government views electricity as a public good that is likely to be produced i..
If alpha=3/4 and H=1000 and L=200 what is the minimum rent the landlord charges such that the absolute difference between the rent and the share cropping contra
To obtain a 12% rate of return what is the minimum number of days per year on average it will have to be used. Contributed by D. P. Loucks
An economy's marginal propensity to consume out of disposable income is 0.75, its marginal and average tax rate is 0.15, and its marginal and average propensity to import is 0.15.
An ongoing approach debate concerns whether to legalize utilize of drugs such as marijuana also cocaine.
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