1. What was Warren Buffett's logic behind his plan to pass campaign finance reform?

2. In the game between Reagan and Congress described in the chapter, how did the addition of a line-item veto (giving the President more freedom) result in a worse outcome for Reagan?

3. Briefly describe John Manard Keynes' metaphor for the stock market.

4. If a Prisoner's dilemma game is repeated exactly 100 times, what does game theory predict will happen (in each of the rounds)?

5. In the chapter's duopoly (two firm) example of a Prisoner's dilemma, Rainbow's End and B.B. Lean are pitted against each other in a clothing catalog pricing decision. Suppose that the manager of Randow's End doesn't trust B.B. Lean's manager to keep the price high at $80. What price should Rainbow's End charge? Suppose, rather, that the manager of Rainbow's End has very good reason to believe that B.B. Lean will set their price at $80. What price should they charge?