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GAME PLAYING IN CLASS
There are several games that are appropriate for use on the first or second day of class. These games are simple but can be used to convey important points about basic tools and concepts, including rollback analysis, multiple equilibria, focal points, and so on. Some of the games involve paying out or taking in small amounts of change in dimes or nickels. If you choose to play these, you should take enough rolls of coins to class with you; students usually do not have the right change. In addition, some of these games may be better suited for use later in the semester when you are covering the material relevant to the game. We have noted those games that are repeated later in the Instructor’s Manual and the chapter in which they reappear.
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Combining Simultaneous and Sequential Moves The material in this chapter covers a variety of issues that require some knowledge of the analysis of both sequential- move
what will be the best strategy for a bidder in an auction comprised of four bidders?
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Another term for a preserved bid auction in which bidders simultaneously submit bids to the auctioneer with no knowledge of the amount bid by other member. Usually, the uppermost b
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