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(a) "In stock markets, the investors are in a zero-sum game." Is this statement true or false? Explain your answer.
(b) "In the area of machine learning, reinforcement learning is one base paradigm. It aims to find the action which leads to the maximum reward or drive to the optimal outcome." According to this statement, can we interpret the problem of reinforcement learning directly as a game theory problem of finding the Nash equilibria? Explain your answer.
The Keynesians claim interest rates guarantee that savings will equal intended investment. The Keynesians claim that wages and prices are “downward sticky”. In the Keynesian model the velocity of money moves against GDP. Determine the socially effici..
Erbia is a developing country. Erbia's neighbor Glassen is also a developing country, which is growing at a fast rate by adopting existing technology.
How can price and income elasticity measures be used by businesses to help maximize their sales revenue during an economic downturn?
Why do you think that approximately one-sixth of the world's population has not experienced much substantive economic growth over the past 30 years?
Assume that your annual cash flow deposit, savings account rate, salary increase rate, and inflation rate could each become 10% better or 20% worse.
When your income goes up to $50,000 from $40,000, demand for Scotch Whiskey increases from 500 to 600. Calculate income elasticity of demand.
What are the arguments for and against the proposition that the food and restaurant industries should be held liable for the rise of obesity in the United States? Do you believe the nutritional information for restaurant food should be easily availab..
The Federal Reserve Board under the direction of Janet Yellen is keeping interest rates at amazingly low levels. What are the benefits and consequences of taking on such action? Include in your answer issues as interest rate stimulus, inflation, mone..
An electric utility is considering two alternative proposals for new sources of energy. One is a major hydroelectric dam (a 70-year project from construction to end-of-life); the other is a thermal power plant (a 35-year project from construction to ..
Why do we contend that only systematic risk and not total risk is important?
1. Explain the position of the message (message) in the communication process according to the S-R Model (StimulusRespon). Associate your explanation with examp
q1. given the goal of maximization of firm value and shareholder wealth we have stressed the importance of net present
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