NBER WORKING PAPER SERIES EXPECTATIONS OF RETURNS AND EXPECTED RETURNS Robin Greenwood Andrei Shleifer Working Paper 18686 http://www.nber.org/papers/w18686 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 January 2013 We thank Yueran Ma for outstanding research assistance and Josh Coval‚ Jared Dourdeville‚ Sam Hanson‚ Owen Lamont‚ Stefan Nagel‚ Joshua Schwartzstein‚ Adi Sunderam‚ Annette Vissing-Jorgensen‚ Jessica Wachter‚ Fan Zhang and seminar participants
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Spring 2013 Assignment Solution 0-Sum Games 2 1. Reduce by dominance to 2x2 games and solve. 5 4 4 3 (a) 0 1 1 2 1 0 2 1 4 3 1 2 10 0 7 1 (b) 2 6 4 7 6 3 3 5 Solution: (a). Column 2 dominates column 1; then row 3 dominates row 4; then column 4 dominates column 3; then row 1 dominates row 2. The resulting submatrix consists of row 1 and 3 vs. columns 2 and 4. Solving this 2 by 2 game and moving back to the original game we find that value is 3/2‚ I’s optimal
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Depending on what year you were born‚ I am sure that you will remember playing board games before electronic games came along. The toy aisles in department stores were once lined with various games. They were all different genres‚ made for different age ranges‚ and different types of people. There was literally a board game for everybody out there‚ The Game of Life used to be my board game. But the thing is‚ this game has changed throughout the years to accommodate the younger generations like for colors
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OLD GAMES OR NEW GAMES In the past‚ there were old people who are telling the stories of children who were playing in the streets‚ parks and gardens‚ but now‚ their grandchildren cannot be seen at those places anymore. As old people remember there were games which depend on good feelings such as love‚ respect and friendship. There is a strong possibility that much of people can remember “seksek”. It was played with a stone and area that covered with lines which refer boundries of areas‚ especially
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In Chinese online game market‚ there are two normal price strategies‚ Charging and Free. The Charging means that the customers need to pay for the game. They need to buy the game client or pay for the playing time (for example: RMB30 for 4000minits or RMB90 for 1month). The Free means that the customers can play the basic game for free. And they can buy some items in the shop on the official website or directly in the game store. The two players I picked for this analysis are World of Warcraft
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Social Games vs. Traditional Games: which are the most popular? Nowadays many people all over the world make daily use of social networks like Facebook‚ Twitter‚ or Google+. A social networking service is a World Wide Web platform in which you can meet your real-life friends‚ share information and news with them and develop social relationships of any kind. These electronic communication devices‚ along with the opportunity to keep oneself updated with the latest news‚ opinions‚ mundane
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Video Games And Parents – Why So Much Hate? In a recent survey that was conducted‚ it was discovered that what parents fear the most is not that their children will get addicted to drinking alcohol or watching pornographic videos. Their greatest fear is that their children will get obsessed with playing video games. You may be surprised at first‚ but when you think about it the results actually makes sense. Just take a look at the gaming consoles available today. You have the PlayStation
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Bernard Do English 101 11/03/12 Rated M: for Misunderstanding Do video games really need to be censored by the United States’ Government? Over the past several years there has been a controversial court case under discussion to censor video games. This case is trying to get the United States’ Government to prohibit the selling of all video games that may include graphic violence‚ virtual sex‚ violent and gory scenes‚ partial or full nudity‚ and portrayal of criminal behavior or other provocative
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Sharaf Mr. Thomas Kaster Pre Calculus January 21‚ 2013 Math Game Theory: Research Paper A strategy game is mainly based on decision making-skills. There are many strategy games found and one thing they have in common is that they all require internal decision style thinking. The Greek word “strategy” comes from the word meaning generalship. Some examples of strategy games would be tic-tac tow‚ chess etc. Game strategies are largely related to math because even though they don’t require
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The Game of Champions By; Josiah Enos “You can have the top stars to bring the attention‚ you can have the best stadium‚ you can have the best facilities‚ and you can have the most beautiful project in terms of marketing and all this kind of thing. But all of that is worthless if everybody forgets where this game has come from‚ and the strides it has made both in the way it’s played and the way it is respected” (Jose Mouorinho). While not always the most popular game‚ soccer has come
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