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1. For each of the following cognitive biases, come up with at least one example
Confirmation bias.
Self-serving bias.
The overconfidence effect.
Hindsight bias.
The availability heuristic.
The planning fallacy.
Framing effects.
2. Suppose that Ike is loss averse. In the morning, Ike's stockbroker calls to tell him that he has gained $1,000 on his stock portfolio. In the evening, his accountant calls to tell him that he owes an extra $1,000 in taxes. At the end of the day, does Ike feel emotionally neutral since the dollar value of the gain in his stock portfolio exactly offsets the amount of extra taxes he has to pay? Explain
State Z’s automobile manufacturing industry is one of the largest and most highly regarded in the world. The industry is concerned that it may lose some of its domestic market share to inexpensive, low-quality cars manufactured in newly industrialize..
A firm manufactures a product that it sells for $100. It sells 1000 units per week. What is its total revenue? It costs the firm $80 to produce a unit. At its current short-run level of production, a firm’s average variable costs equal $20, and its a..
Over the past 5 days, the common stock of Tyler Mfg. had daily returns of 0.2, -0.1, -0.2, 0.3, and 0.1 percent, respectively. For the same 5 days, the market had daily returns of 0.0, 0.1, -0.3, 0.4, and 0.2 percent, respectively. What is the cumula..
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
Two alternative designs are under consideration for a tapered fastening pin. The fastening pins are sold for $0.70 each. Either design will serve equally well and will involve the same material and manufacturing cost except for the lathe and drill op..
In this assignment, you will be completing a quantitative analysis. It should be 2 to 3 pages in length (not including title page and reference page).
Christopher bought a $125 ticket to attend Nickelback concert in Red Rocks. Because it is his favorite rock group, he would be willing to pay up to $200 to attend the concert. However, his friend Keith invites Christopher to go with him to Water Worl..
Elucidate how you arrived at your answer and be sure to show all your calculations. Explain how many units of output will the firm produce at a price of $100 per unit
Calculate the equilibrium level of income/ aggregate expenditures. Assuming M = 200, calculate the new equilibrium and the multiplier.
Suppose the net foreign investment in Canada is positive. An implication is that:
Critique a human resource article which study Staffing (recruting and selecting employees, managing employee seperations, downsizing, and outplacement) The critique must contain the following: -A brief introduction of the article -A statement of the ..
Assuming incomes of consumer s increase, holding all the other things constant, what will happen to the demand curve? What will happen to the price and quantity at the equilibrium? Justify your answer and show the demand and supply functions on a gra..
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