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ECON 2040 (2010) - practice-midterm

ECON 2040 (2010) - practice-midterm - Networks Spring 2010...

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Networks: Spring 2010 Practice Midterm David Easley and Jon Kleinberg February 26, 2010 The midterm is Monday, March 8, in class . It will be a closed-notes exam. The best guide to the coverage of the midterm is the contents of the course lectures up through the end of the network exchange theory topic (Chapter 12). It is also useful to review the homeworks, and the exercises in the book provide a good source of additional questions for review. To help in studying, we are providing the following practice midterm below. It is struc- tured to approximately resemble the real midterm, although of course the actual questions on the real midterm may cover topics from the course that are not explicitly the focus of any question here. The practice midterm questions are not meant to be handed in; rather, we will discuss them at the prelim review session in class on Friday, March 5, and we will post solutions to CMS then. You can also discuss the questions with us in office hours. (1) Say whether the following claim is true or false, and provide a brief (1-3 sentence) explanation for your answer. Claim: If player A in a two-person game has a strictly dominant strategy s A , then there is a pure strategy Nash equilibrium in which player A plays s A and player B plays a best response to
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