You are playing a game in which a dollar bill is auctioned. The highest bidder receives the dollar in return for the amount bid. However, the second-highest bidder must pay the amount that he or she bids, and gets nothing in return
The optimal strategy is: A) to bid the smallest allowable increment below $1.
B) to bid nothing.
C) to bid $0.99.
D) to bid more than a dollar.
B
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You are closely following the elections in your country this year
The two main candidates who are running for president belong to the two biggest parties that are on opposing ends of the political spectrum—the Conservative Right and the Left Alliance. There are also a few independent candidates. You have decided that you will cast your vote depending on each candidate's stance on various issues like foreign policy, gun rights, taxes, gay marriage, and healthcare. As the campaigns heat up, you notice that the viewpoints expressed by both parties seem to converge to the center rather than being extreme left or right opinions. Given that the candidate with the highest number of votes wins the elections, what do you think could explain this convergence?
In game theory analysis, what is a "dominant strategy"?
What will be an ideal response?
In the United States, the money supply (M1) consists of:
a. paper currency and coins. b. coins, paper currency, checkable deposits, and traveler's checks. c. paper currency, coins, checkable deposits, and savings deposits. d. government bonds, currency, checkable deposits, and traveler's checks.
In 2013, plowback accounted for approximately ____ of corporate financing while new stock sales accounted for approximately ____
a. $2 trillion; $384 billion b. $65 billion; $1 trillion c. $1 trillion; negative $65 billion d. negative $65 billion; $1 trillion