How can economists explain irrational behavior

Assignment Help Econometrics
Reference no: EM131301048

1. How can economists explain irrational behavior?

2. What is the role of risk in decision- making?

3. How does game theory explain strategic behavior?

Reference no: EM131301048

Questions Cloud

Describe some of ways that externalities can be internalized : Which two characteristics define a public good? Provide an example of a public good that was not discussed in the chapter.
Discuss the main tenets of each theory : Create a 2- to 3-page brochure including graphics, on traditional psychodynamic theories. Describe personality. Discuss the main tenets of each theory, how they apply to personality and behavior, and the strengths and limitations of each theory.
Do you think that investors are collectively guilty : Do you think that investors are collectively guilty of being short term in their thinking? What evidence can you offer to back this up? If yes, who do you think is more short term? Institutional investors or individual investors? Any evidence?
Describe the evolving cloud computing platform : Describe the evolving cloud computing platform. Who are the major players? What services do they offer? Why are these services enticing to businesses?
How can economists explain irrational behavior : How does game theory explain strategic behavior?
Design - uml diagrams and overall design : Develop a problem-based strategy for creating and applying programmed solutions using an object-oriented paradigm - Use an object-oriented development environment in the development, testing and debugging of an object-oriented application.
Give the answer of muliple question : PSY 560:Give the Answer of Muliple Question.Which is a way some people cope with the ambiguity of human freedom?Change or development in a desirable direction is called.
Logistics processes and supply chain management : Technology has improved logistics processes and supply chain management in the last decade. Explain how information systems or Internet technology has improved inventory management, order processing, or supply chain integration in the aviation ind..
How many workers should pam''s pretzels hire : Would a burrito restaurant hire an additional worker for $10.00 an hour if that worker could produce an extra 30 burritos an hour and each burrito could add $0.60 in revenues?

Reviews

Write a Review

Econometrics Questions & Answers

  Research issues in organizational tax research and planning

Analyze tax issues regarding corporate formations, capital structures, income tax, non-liquidating distributions, or other corporate levies - Create an approach to tax research that results in credible and current resources.

  Discuss the meaning and importance of the leontief paradox

Summarize the empirical results of Kravis, Keesing, Kenen, and Baldwin on the importance of human capital in helping to resolve the paradox.

  Which of the two units would you recommend and why

Compare to units, A and B. A has a new cost of $42,000, at life expectancy of 14 years, a salvage value of $4,000, and an annual operating cost of $3,000. B has a new cost of $21,000, a life expectancy of 7 years, a salvage value of $2,000.

  Qualitative effect on total external costs in the land

When the 1984 restrictions decreased the sup- ply of land disposal services, assume that the mar- ginal private costs (MPC) of production decreased to MPC' = 32 + 2L.

  What will happen to the yield on 10 year treasury bonds

Assume that an investor is risk-neutral (i.e. assume that the investor always chooses the investment with the higher expected rate of return even if it is riskier). If the yield on 1-year marketable CD's is 6% while the yield on 2-year marketable ..

  Find what is the depreciation rate of capital

Assume that a country's production function is Y = AK0.2 L0.8.The ratio of capital to output is 2, the growth rate of output is4% and the depreciation rate of capital is 8%. Capital is paid itsmarginal product.

  Find optimal number of shirts produced to minimize cost

The cost function per t-shirt is identified to be the following: y=ln(X+1). Fixed costs associated are a step function based on area needed. For each 1000 shirts, the cost associated with storage space is $1000 .

  Do additional substitutes need to added to the market

Suppose that the "Small but Significant and Nontransitory Increase in Price" threshold is 5%. Making use of critical elasticity of demand analysis, do the existing producers of this product represent an antitrust market, or do additional substitut..

  What happens to the steady state real interest rate

Suppose that the production function takes the form Y = AKa*L1-a, where a?= 1/3. Assume that the saving rate, s = 0.15 and the rate of depreciation d = 0.05 Further, let A = 1, and L = 2, initially.

  How this process will affect the dollar price of the euro

Suppose quotes for the dollar-euro exchange rate E$/¤ are as follows: in New York $1.50 per euro, and in Tokyo $1.55 per euro. Describe how investors use arbitrage to take advantage of the difference in exchange rates. Explain how this process wil..

  What price should be charged for the bundle?

At a student café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot p..

  What are the two principal problems facing the auditor

Outline the audit steps that you would take to enable you to render an unqualified opinion with respect to the inventory. (You may omit consideration of tests of unit prices and clerical accuracy.)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd