User Account

All Pages

How would you design an incentive system

Assignment Help Macroeconomics
Reference no: EM131345061

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: EM131345061

Questions Cloud

Find the voltage across the capacitor : A 100-μF capacitor has no voltage across it at t = 0: A current flowing through the capacitor is given as iC(t) = 2 u(t) - 3u(t) - 3 + u (t) - 6 mA. Find the voltage across the capacitor at t = 4 s.
Is there a mixed-strategy nash equilibrium : Specify the possible Nash equilibria. Is there a pure-strategy Nash equilibrium? Is there a mixed-strategy Nash equilibrium?
Advances our understanding of the social world : Each theorist's basic assumptions, concepts, and principles The reasons for your choices Your reasons should be based on your critical analysis of how well each theory advances our understanding of the social world.
Analyze the pros and cons of the quality improvement program : HLTH440- Analyze the pros and cons of the quality improvement program that you are proposing for the organizational process that you identified. Develop a communication plan for the quality improvement program.
How would you design an incentive system : 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
Determine the nash equilibria for this game : Show the payoff matrix for the two drivers engaged in this game of chicken. Determine the Nash equilibria for this game.
Is the capacitor absorbing power or delivering power : The capacitor in given Figure carries an initial voltage vC(0) = - 25 V.- Derive expressions for iC(t) and pC(t) for t > 0: Is the capacitor absorbing power, delivering power, or both?
Personal characteristics or a collection of specific : In no less than 100 words- Are leaders born or made? Is leadership more a matter of personal characteristics or a collection of specific behaviors anyone can learn?
Write a poem or song about your book : Write a poem or song about your book - Write a one-person play about your book and create a poster with pictures and words that highlights key events in your book.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Discuss each of the stages of buzz marketing

Discuss each of the stages of buzz marketing as it relates to the brand you identified (including preconditions). Which stage is the brand in now? Support your answer.

  Find the rank in economic freedom of the countries

Find the rank in economic freedom of the countries and find the rank in business, trade, financial freedom, and property rights of the countries.

  Why might you expect to see flat royalty payments

Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises that operate from commercial buildings (HINT: Among the most popular home-based franchises are cleaning services offered to busines..

  Discuss the effect of each of the following on the quantity

Discuss the effect of each of the following on the quantity demanded or the demand for new motor homes.

  Plot the quantity supplied on the supply line

Suppose that the U.S. government places a ceiling on the price of a medical drug of $7. 1.) Plot the quantity supplied on the supply line and label it.

  Characteristics of modules is functional independence

One of the key characteristics of modules is functional independence. What does that mean?

  How specialization and gains from trade apply with household

Can anyone think of problems not fundamentally caused by scarcity?- How can specialization and gains from trade apply within households?

  Decision will affect the value of the firm

Suppose that the manager of a firm, that uses coal energy, decides to install new equipment that will reduce air pollution like acid rain. Explain how this decision will affect the value of the firm.

  Paying a series of five constant-dollar

You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1195.38 beginning at the end of first year. Assume that the general inflation rate is 13.24% and the market interest rate is 13.24% during this inflationary peri..

  Explain how could the advertising be employed to allow

Explain how could the advertising be employed to allow KinderCare to keep price above average cost without encouraging the entry.

  Determinants of long run prosperity rank

Provide a general ranking of countries and avoid journalism and overly lengthy surveys of each nation. You should be explicit in how you have combine the data to arrive at your final ranking.

  Elucidate the difference among real gdp and nominal gdp

Elucidate what is the difference among real GDP and nominal GDP.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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