Second Quiz Section 2 EC 460 Spring 2021 L9 Rationality of Sporting Decisions 1. How can we calculate the value of any particular draft pick? (5 points) 2. Why did Professor Romer put the value of a successful field goal at less than the three points a team gets for a field goal? (5 points) 3. How many rounds are there in the MLB draft? (5 points) 4. How many points on average should an NBA team expect to get from a three point shot from the corner? (5 points) 5. The Jacksonville Jaguars have the first pick in the 2021 NFL draft and the first pick in the second round. Which pick is likely to give them a better player? Which pick is likely to give them more surplus value? (5 points) 6. Find the mixed strategy equilibrium and the expected yards gained from a play in the simplified strategic football game below. (50 points) Pass Play Run Play Pass Defense -4,4 -5,5 Run Defense -8,8 -1,1