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1. All of the following are true about the paper that found a hot hand effect in baseball EXCEPT
it defines hot differently than most other papers
it found the effect of being on a hot streak to be an increase of OBP of .025 - .030
it is unpublished
a lot of the effect found in the paper is due to hitters adjusting
2. All of the following are true about Game Theory EXCEPT
to find a mixed-strategy equilibrium for a player, you set the payoffs for each strategy for that player equal to one another
the sum of the probabilities of each strategy for a particular player for a mixed-strategy equilibrium will always be 1
if there is no pure-strategy Nash equilibrium, there will be a mixed-strategy equilibrium
every game does not have a pure-strategy Nash equilibrium
You arrange for a legal document to be written. You believe there is a 50% prior probability that the document is correctly written. You then go to 10 lawyers, the probability of seeing an expert lawyer is the same as the probability of seeing a novi..
A company purchases a machine for $100,000. Use a 6 year Double Decline Depreation Balance Method (alpha=2) switching to straight line with an end salvage value of $20,000. Compute the allowable depreciation for 5 years.
If the maker of a patented drug sells the drug at a price above the equilibrium price, then there
q1 if you are the chief economist of a country experiencing full employment and high inflation levels over the past
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them?
British Airways Plc plans to set aside investment funds now for replacing 34 of the airline's aging long-haul fleet of Boeing 747s and 767s, which will be delivered 6 years from now. How much will the company need to have in its investment funded now..
The state government collected all taxes due, but its tax revenues were equal to $40 million each year. What happened to the sales tax base between 2006 and 2007? What could account for this result?
Are monopolists guaranteed of making economic profits? Explain the long run equilibrium situation for a monopolistically competitive industry. Give two examples of industries that fit under this category.
In the short run, what is the fixed cost for this firm? Find the break-even price and the shutdown price. What would happen if the market price was equal to $1 per unit? Suppose the market price of the good in the short-run is $8 per unit. What do yo..
Assume you have 4000 in a savings account at the beginning of the year price level is 100 the account pays 7% interest annually. if the price level is equal to 115 at the end of the year, the real value of your saving is?
“Consumer surplus” represents the difference between what a consumer is willing to pay for a good or service and the price that they actually pay. In other words, the concept of consumer surplus indicates how much consumers gain from consuming goods ..
Show using appropriate graphs the optimal pricing of public transportation. In particular, show what the optimal pricing would be under a) no traffic congestion b) some traffic congestion
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