Problem Set Answers

By popular demand, now up in the handouts section of the course website are some answers to the problem sets. These include supplemental notes for problem set 2 showing how to solve lobbying games in general. More importantly, the model problem set solution offered by the Latin Gambits for PS3 is also posted. 

Enjoy

Sport Geenius Payouts

I've now computed the payouts for Sports Geenius. Check them out here:

Sports Geenius Payouts

If you are a lucky winner, please stop by the office of my assistant, Milton Fong (he is across the way from my office) and pick up your cash. Congratulations to the winners!

OPEC Final Results

Excellent discussion of what makes for effective trust and coordination. I thought the focus on communication and of appeals to non-economic motives was especially valuable. For your reference, below is a link to the spreadsheet with the final totals. Please input your earnings (where $1 million = 1 ecu) into the P&L spreadsheet. Thanks!

OPEC Final Results

OPEC Round 10

A: $86.88, 77,403

B: 83.23, 77,292

Cold fusion coin = heads. Cold fusion is invented. There is no round 11. 

OPEC Round 9 Results

Market A: $63.11, 78,287
Market B: $62.24, 75,318

The last embers of cooperation flicker out.

Cold fusion: Result = Tails, so cold fusion not invented. Round 10 due today, though I think I can guess what the production amounts will be.

OPEC Round 8 Results

Market A: Price = $101.75, Quantity = 73,458
Market B: Price = $84.02, Quantity = 77,308

Things are still holding together in market A. Market B is off the rails.

Cold fusion die = 4. Result: Cold fusion not invented so round 9 is on. Quantities due tonight at 1159.

OPEC Round 7 Results

Sorry for the delay. Out of town playing golf in Santa Barbara. Sandpiper is an awesome course.

Market A: Price = 101.76, Quantity = 71,115
Market B: Price = 65.45, Quantity = 74,488

Cooperation completely collapses in market B!

OPEC Round 6

The family is off to Santa Barbara, so no video for this one.

Market A: Price = $104.69, Quantity = 75,317
Market B: Price = 90.63, Quantity = 77,038

Some cracks in the armor??

OPEC Round 5 Results

Back on track...

Final Topics Clearinghouse

Some teams want to get a head start on the final project. Who am I to get in the way of this noble endeavor? So, by popular demand, I have now put up a final project topics clearinghouse. Same rules apply: first come, first served. Happy topicing!

Final Projects Topic Clearinghouse

Presentation Order

Mid-semester presentations are next week. The format is 10 minutes for presentation and up to 2 minutes for Q&A. Please submit your presentation files to me 2 hours in advance, so I can preload them on my laptop. This will minimize the transition times between presentations, which is essential given our tight schedule.

Here is the order for the presos. Note that you are free to swap times with another group if this is mutually agreeable.

Monday: 1. Good Swimmers, 2. Wysiwyg, 3. Nashty Equilibrium, 4. Pokerface, 5. YMCA^2, 6. JM Hypnotherapist

Wednesday: 1. Beautiful Minds, 2. 4 Young Men, 3. Latin Gamblers, 4. Swimsocks, 5. Gameblers, 6. 4 Men & a Baby Momma

OPEC Round 4 Results

Oil prices collapse in markets A and B.

OPEC Round 3 Results

Mid Semester Topics

To avoid topic duplication, I have now added a Topics Clearinghouse document to the course website. Each team should enter a topic on the sheet. The first entrant for a topic "owns" it. No other group can claim the same topic unless they have a radically different aspect of the topic that they are analyzing.

Claim your topics here: Topics Clearinghouse