2010 Practice Final - Economics 112 Spring 2010 Practice...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Economics 112 Spring 2010 Practice Final Exam 0. Have you read the instructions? Have you put your name and student number on this paper and the multiple choice answer sheet? Will you use your time wisely? 1. Consider the following normal form game Player A Player B Left Right Up 0, 2 5,1 Down 3,3 10,8 Which of the following statements is true a. (Down,Right) is a Nash Equilibrium. b. (Down,Right) is a Dominant Strategy Equilibrium. c . (Down, Left) is a symmetric equilibrium. d. Both (a) and (b) are true. 2. Consider the following Normal form game: Player A Player B Left Right Up 5,5 -4,* Down 10,-4 -2,-3 This game is a social dilemma provided that 3. A Risk Dominant equilibrium refers to a situation is which 4. The game of matching pennies
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern