Lecture9 - Midterm 1 Next Tuesday Covers up through Chpt 5...

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2/5/2009 1 Midterm 1: Next Tuesday Covers up through Chpt. 5 & HW 3 Bring a UMID for check-in No cellphones or i-pods allowed Calculators must be simple non-graphing Calculators must be simple, non-graphing, non-complex, non-computer-like calculators with one memory register. If you do not bring an appropriate calculator, you may not use it one on the exam. A Note About Equilibria Some games – Get feel for what an equilibrium might be Show that if everyone does it, nobody has an incentive to change Show everything else isn’t equilibrium: for each other possible strategy profile, somebody has an incentive to change Others games – when you’re clueless Calculate best responses Equilibria occur where best responses cross Harold Hotelling’s Model of Electoral Competition The political spectrum: Voter’s are dispersed uniformly along spectrum Voters vote for the candidate whose position is closest to theirs 0 1 If a range of voters is indifferent between two or more candidates, they distribute their votes
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  • Fall '07
  • Emre
  • attrition, Harold Hotelling, electoral competition

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