Design an incentive system to generate questions

Reference no: EM131160056

Consider a class of 25 Microeconomics students, some of whom are confused about a concept after a professor explains it. A student who reveals his confusion by asking a question loses 10 utils. However, when the professor clarifies the concept, each confused student benefits 2 utils. At what level of confusion (number of confused students) is a question from a confused student socially efficient? Without participation incentives, will a confused student ask a question when it would be socially efficient? How will they know it is socially efficient? How would you design an incentive system to generate questions from confused students?

Reference no: EM131160056

Questions Cloud

Comment on model building : Comment on this "model building is the excess of operation research"

Which is to be characterized by oligopolistic competition : When a customer purchases a DVD at a Best Buy Electronics store, three of the following information flows are started. Which one is not started?

What is the slope of the budget constraint : Suppose that the quantity of good y is measured along the vertical axis and that the quantity of good x is measured along the horizontal axis. Assume that the price of good x is $5 and the price of good y is $10 when income is $200 per time period, p..

Discuss the myriad elements management : Discuss the myriad elements management would consider when anticipating union bargaining proposals? And, when would management officials prefer centralized (multi-plant) bargaining

Design an incentive system to generate questions : Without participation incentives, will a confused student ask a question when it would be socially efficient? How will they know it is socially efficient? How would you design an incentive system to generate questions from confused students?

Substitution effect and income effect when pm changes : Suppose Lady Gaga spends all her money on make-up and clothing. When the price of makeup (Pm) is $10 and the price of clothing (Pc) is $20, Gaga’s optimal bundle is Qm(ake-up)= 4 and Qc(lothing)=3. On a graph show the substitution effect and the inco..

Should a test for voting rights be imposed on citizens : Should a test for voting rights be imposed on citizens? Why or why not? - What is the cost to society, if any, of an uneducated citizen?

Conduct several searches using any of the databases : Conduct several searches using any of the databases in the Ashford University Library. Select at least five credible and scholarly, peer-reviewed sources from your library search that support the topics and arguments you plan to present in your Fi..

Compare and contrast void and voidable : Assignment - Ethical Contract and Agreements, It's time to delve into contract law, at least momentarily. Contracts are integrated into our everyday life whether we realize it or not. Compare and contrast void and voidable

User Account

All Pages