Consider a sealed-bid auction in which the seller draws one of the N bids at random. The buyer whose bid was drawn wins the auction and pays the amount bid. Assume that buyer valuations follow a uniform(0,1) distribution.

1. What is the symmetric equilibrium bidding strategy b(v)?

2.What is the seller’s expected revenue?

3.Why doesn’t this auction pay the seller the same revenue as the four standard auctions? That is, why doesn’t the revenue equivalence theorem apply here? Be specific.

Which one of the following is true regarding forward contracts?

Group of answer choices:

The upfront costs to enter a forward contract can be significant.

If a buyer of a forward contract earns a $200 profit, then the seller will also profit by $200.

The buyer wins when market prices are less than the forward price.

The payoff profile for the buyer of a forward contract is an upward sloping linear function.

If the seller of a forward contract earns a profit, then the buyer has neither a profit nor a loss

Two candidates A and B are running for election. There are 5 voters who vote for one of the two candidates (no abstention). The candidate with most votes wins. A majority of voters prefer candidate A over candidate B.
a) Describe formally this environment as a game (players, strategies, payoffs)
b) Show that to vote for your preferred candidates is a weakly dominant strategy.
c) Show that there exist Nash equilibria in which candidate B gets elected and that most voters play a weakly dominated strategy.

1. A professional cyclist has been training for months at HIGH ELEVATION in preparation for a race at sea level. He enters the race, wins, and after being randomly drug tested by race officials is accused of blood doping.

What did race officials likely find?

2. Why does the blood COLLOID OSMOTIC PRESSURE remain unchanged across the length of a capillary bed? It is roughly 25 mm Hg on the arterial end and 25 mm Hg on the venous end.

2. Write an algorithm for resolving a battle among the classic Pokemon types.
3. write the algorithm first

       The user should select a type of either fire, water or grass. The computer should randomly select one of those three types as well.

      To determine if the user or computer wins, or if it is a draw: fire is stronger than grass, grass is stronger than water, and water is stronger than fire. Whoever chose the stronger type is the winner. If both chose the same type it is a draw.

python

In a quarter-mile drag race, two cars start simultaneously from rest, and each accelerates at a constant rate until it either reaches its maximum speed or crosses the finish line. Car A has an acceleration of 10.9 m/s2 and a maximum speed of 109 m/s. Car B has an acceleration of 11.8 m/s2 and a maximum speed of 93.7 m/s. (a) Which car wins the race? (b) By how many seconds does this car win the race?

Write a program (C++) which allows a League of Legends player to both store and output statistics on their games played. When the program starts it allows the user to enter new entries. The entries contain the following information: Champion Name Kills Assists Deaths Win? Each entry is appended to a file called games.txt. When the user is done entering data the statistics from the games in the file are to be displayed. The average kills, assists, and deaths are to be displayed with the percentage of wins to be displayed.

Brumeister Industries needed steel pipe to build furnaces for a customer. Brumeister sent Greene Steel an order for a certain quantity of “A 106 Grade B” steel. Greene confirmed the order and created a contract by sending an invoice to Brumeister, stating that it would send “A 106 Grade B” steel, as ordered. Greene delivered the steel and Brumeister built the furnaces, but they leaked badly and required rebuilding. Tests demonstrated that the steel was not, in fact, “A 106 Grade B,” but an inferior steel. Brumeister sued. Who wins?

Write a C++ program to score the paper-rock-scissor game. Each of two players (player1 and player2) input a character which could be either ‘P’, ‘R’, or ‘S’ (in uppercase or lowercase). For any other input character should display a message “Invalid input”. The program then announces who is the winner as well as the basis for determining the winner which could be one of the following: “Paper covers rock”, “Rock breaks scissors”, “Scissors cut paper”, or “Nobody wins”. (Use switch statement)

Decision Making

Part A

A tire manufacturer has three different models that it sells. The anticipated payoff is dependent on the type sold and the level of demand.

What is the EMV for the all season tires?

(Round to a whole number)

Part B  (***NEW NUMBERS from previous question***)

A tire manufacturer has three different models that it sells. The anticipated payoff is dependent on the type sold and the level of demand.

What is the EMV for the all terrain tires?

(Round to a whole number)

Part C (***NEW NUMBERS from previous question***)

A tire manufacturer has three different models that it sells. The anticipated payoff is dependent on the type sold and the level of demand.

What is the EMV for the winter tires?

(Round to a whole number)

Part D  (***NEW NUMBERS from previous question***)

A tire manufacturer has three different models that it sells. The anticipated payoff is dependent on the type sold and the level of demand.

What is the Expected Value with Perfect Information (EVwPI)

(Round to a whole number)

Part E

What is the Expected Value of Perfect Information (EVPI) if the Maximum EMV is 4,186 and the Expected Value with Perfect Information (EVwPI) is 7,395?

(Round to a whole number)

Part F

What does the Expected Value of Perfect Information (EVPI) represent?

(Choose the best answer)