1. Question 1 People learn from others about which policies to support. Three policies are currently proposed: raising taxes, lowering taxes, and keeping taxes the same. In October, 35% prefer…
11. Question 11 In the above Prisoners’ Dilemma Game, which outcome(s) are Pareto Efficient? 1 point Both players defect Both players cooperate Player 2 cooperates,…
9. Question 9 You are given the following information about a network: It has an average path length of about 4, An average degree of about 2.5, And a mid-range…
8. Question 8 True or False: The Efficient Market Hypothesis tells us that if we apply a random walk model, it is possible to beat the market. 1 point …
7. Question 7 Consider an exchange economy in which each of four people brings a different good. Suppose that these people are altruistic – when someone becomes happier, everyone else…
5. Question 5 Natalie is bidding in a second price auction. If she and her opponents are rational, what should she bid? 1 point She should bid above her…
10. Question 10 True or False: Tipping points means there are gradual changes in what is going to happen as events unfold. Path dependence occurs when the likelihood of different…
3. Question 3 There are three main reasons why people sometimes coordinate on sub-optimal behaviors. These reasons are: 1) Idiosyncratic coordination 2) Overall consistency 3) What was once optimal is…
2. Question 2 The City of Ann Arbor opened a new dog park. If D equals the number of dogs that are at the park, then happiness per dog at…
