dzrkmsrn

7.

B

Cooperates

Defects

A

Cooperates

1,1

3,0

Defect

0,1.5

2,2

The payoffs in the table, read as (A,B)

a) Does A have a dominant strategy? Explain
b) Does B have a dominant strategy? Explain
c) What’s the Nash equilibrium for this game? Explain


8. Discuss three of the methodological and structural factors affecting social preferences.

DO THIS ASSIGNMENT PLEASE

students will be responsible for collecting three consecutive days of data with regard to their daily diet. Prior to doing so students need to consider quantitative and qualitative observations, measuring and recording data and identifying possible sources of error prior to data collection. The data recorded will serve as a basis comparison to the second stage of their culminating. Specifically, students are required to identify key, independent variables, and dependent variables and ask the following:

1. What can you measure?

2. How will you measure it?

3. What can you change?

4. How will you change it?

variables include, but are not limited to the following :

1. Total caloric intake.

2. % proportion of macromolecules.

3 eating schedule/times/periods of intake

4. Lifestyle/physical activity.

Any data collected must be done so an organized manner students are encouraged to create their own spreadsheets that best suits them. There is an app called my fitness pal. That is very helpful.

Analysis of data:

That I will be analyzed, making reference to molecular genetics, metabolic pathways, and homeostasis units. You will receive this information in class.

4. Consider a consumption profile that's measured in thousands of dollars per year over aperiod of four years: (20,22,23,25). These consecutive amounts of consumption yield different amounts of utility. What is the current utility of the consumption if the discount rate is 10%? (Round to the nearest 2 decimal places)

5. The winner of a lottery jackpot is offered to take the winning as a lump sum cash payment or in a yearly payment over 29 years(sometimes with a 5% yearly increase each year). Contrary to the advice of most financial advisers to take the annuity option(e.g.when interest rate is high), over 90% of winners take the immediate lump sum option. From a behavioral perspective, explain why most winners prefer to take the cash right away.

6. Each time I ask my students, during lecture, if they (option 1) want a break now or (option 2) they prefer that I keep going with the lecture and we will be finishing the class earlier they choose the 2nd option. Based on the neo classical model (e.g.DUM). Which option should be preferred? Using the behavioral way of thinking, why do you think students always choose option 2?

1. Are there any trustworthy websites where independent contractors can look for jobs and make money?

Why do behavioral economists consider it helpful to base a theory of economic behavior on the actual mental processes that people use to make decisions? Why do neoclassical economists not care about whether a theory incorporates those actual mental processes?

1.What are the two types of utility a consumer might get from a transaction? Briefly explain each one.|

2.Assume you are a researcher observing a trust game.The trustor (I) has $10 as initial investment. Whatever amount (I) decides to send to trustee(T),will be multiplied by 3. (T) in turn will decide to send whatever amount back to (I). In most studies (I) sends almost half of the $10 while (T) sends back a third of the amount received.

What if the initial investment is $500,000.How does this change the decisions made by both players? What's the likely effects of larger amounts on trust? Which of the two models (neoclassical vs behavioral) can explain this situation better?

3. Neoclassical economists and behavioral economists do not see "sunk cost" eye to eye. Will the sunk cost lead to more consumption? or to less consumption? Explain the difference between the two models.