In a subgame-perfect equilibrium
A) each player's strategy constitutes a Nash equilibrium at every subgame of the original game.
B) the last mover has an advantage over other players.
C) the first mover has an advantage over other players.
D) each player has the same response as the others at every subgame of the tree.
Question 2
In a small European country, it is estimated that a 10,000 increase in capital per hour worked will increase real GDP per hour worked by 300. Based on this information, what is the slope of the per-worker production function in this range?
A) 0.03 B) 3.3 C) 33.3 D) 333
A comparison of gradualism and punctuated equilibrium.
What Constitutes a “Bachelor?” (3 of 3)
Strategy: Algorithms and Heuristics
Strategy: Algorithms and Heuristics
Write equilibrium constant expressions for the following reactions in terms of concentration:
One generation of random mating produces Hardy–Weinberg equilibrium