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1. Show formally that to bid one's own value is a dominant strategy in the Vickrey auction.
2. Suppose we have an auction in which every bidder pays his bid whether or not he wins the object. Find the equilibrium strategies in this case if there are n bidders and the distribution is uniform. (This auction format is called an all-pay auction for obvious reasons.)
3. Suppose there are two bidders and the distribution is uniform. Suppose if you win or not you pay the second highest bid. Find the equilibrium strategies. What is peculiar about them? (This auction format is referred to as the war of attrition.)
the power generated by a solar electric generator is normally distributed with mean 15.6 kilowatts and standard
1 assume that a radiologist group practice has the following cost structurefixed costsnbspnbspnbspnbsp
The average number of television sets in the sample households turns out to be 1.86, and the SD is 0.86. Find a 95% confidence interval for the average number of television sets per household.
in a recent survey of 1000 u.s adults 19 are concerned that their taxes will be audited by the internal revenue
the number of customers arriving per hour at a certain automobile service facility is assumed to follow a poisson
a survey is taken in which 40 randomly selected respondents aged 25-40 are asked how many biological children they
In Dallas, some fire trucks were painted yellow (instead of red) to heighten their visibility. During a test period, the fleet of red fire trucks made 153,348 runs and had 20 accidents, while the fleet of yellow fire trucks made 135,035 runs and had ..
find the weighted mean for three exams if the first one was worth 20 and the student received a 80 the second was
Find the mean/standard error of the sampling distribution of the proportion. Assume that 26% of students at a university wear contact lenses. We randomly pick 300 students.
A manager wishes to find out whether there is a relationship between the number of radio ads aired per week and the amount of sales (in thousands of dollars) of a product. The data for the sample are shown below. a) Draw the scatter plot for the v..
1. at a track and field tournament freds long jumps vary evenly from 6.5 to 7.2 meters. let x be the length of freds
question a small factory consists of a machining center and inspection station in series. unfinished parts arrive to
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