What is the kings first order belief

Assignment Help Basic Statistics
Reference no: EM131332808

Joshua and his army are planning to circle Jericho seven times. Will the wall come tumbling down? The king of Jericho reports that:

  • I ascribe probability 0.8 to "the wall of the city will fall, and Joshua ascribes probability 0.6 to the wall falling."
  • I ascribe probability 0.2 to "the wall of the city will not fall, and Joshua ascribes probability 0.5 to the wall falling."

Answer the following questions:

(a) What is the set of states of nature corresponding to the above description.

(b) What is the king's first-order belief? What is his second-order belief?

(c) Can Joshua's first-order belief be ascertained from the above description? Justify your answer.

Reference no: EM131332808

Questions Cloud

Common belief that the state of the world is consistent : Prove that if player i believes at the state of the world ω that the state of the world is consistent, then he believes that every player believes that the state of the world is consistent.
Determine the test statistic : (a) Identify the null hypothesis and the alternative hypothesis. (b) Determine the test statistic. (c) Determine the P-value for this test.
Compared to the spot rate : One year ago, you sold a futures contract on 100,000 Swiss francs with a settlement date of one year. Assume that one year ago, the spot rate of the SF was $0.988, the one-year futures price exhibited a discount of 2% compared to the spot rate. Deter..
Perform a hypothesis test : Jullian was curious if regular excise really helps weight loss,she decided to perform a hypothesis test. A random sample of 5 Kansas State students was chosen. The students took a 30-minute exercise every day for 6 months. The weight was recorded ..
What is the kings first order belief : What is the set of states of nature corresponding to the above description.- What is the king's first-order belief? What is his second-order belief?
Bond price today-six months from now after next coupon : Consider a bond paying a coupon rate of 11.75% per year semiannually when the market interest rate is only 4.7% per half-year. The bond has two years until maturity. Find the bond's price today and six months from now after the next coupon is paid.  ..
Identify the null hypothesis and alternative hypothesis : (a) Identify the null hypothesis and alternative hypothesis. (b) Determine the test statistic. (c) Determine the P-value for this test. (d) Is there sufficient evidence to support the researcher's claim? Explain.
What lifted the jews from obscurity : "What lifted the Jews from obscurity to permanent religious greatness was their passion for meaning." Explain this statement by referring to at least four of the following concepts: God, history, creation, human existence, Messianism, morality, ju..
Write out the belief hierarchies of orders : Consider the following belief space, where the set of players is N = {I, II}, and the set of states of nature is S = {s1, s2}:- Write out the belief hierarchies of orders 1, 2, and 3 of Player I, at each state of the world.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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