2017 Spring EC 399 Homework 3 Solution
Jiabin Wu
Problem 1
1) Answer:
cfw_GGB, GBG, GGB, GBB, BGB, BGG.
2) Answer:
The first one is false, they are not mutually exclusive because being an average stud
2017 Spring EC 399 Homework 7 Solution
Jiabin Wu
Problem 1
1) Given the above game table, define the set of players, each players action set, and each players
preferences over action profiles.
Answer:
2017 Spring EC 399 Homework 1 Solution
Jiabin Wu
Problem 1
Answer:
1) U = cfw_a, b, c, d, a b, b c, a c, a d.
2) U = cfw_a, b, c, a b, b c, c a.
Problem 2
Answer:
1) If Prof. Wu prefers C to A, then w
2017 Spring EC 399 Homework 2 Solution
Jiabin Wu
Problem 1
1) Answer:
If Dr Wu chooses to give up the trip when he won the cruise trip, while he chooses to go for the
trip when he bought the cruise tr
2017 Spring EC 399 Homework 4 Solution
Jiabin Wu
Problem 1
In the following utility matrix, which action would be favored by (a) the maximin criterion, (b) the
maximax crterion, and (c) the minimax-re
2016 Spring EC 399 Homework 5 Solution
Jiabin Wu
Problem 1
Suppose Mr Curry won $10000 two days ago. However, his home got robbed yesterday and he lost
cash and jewelries that worth $2500. Assume that
2017 Spring EC 399 Homework 6 Solution
Jiabin Wu
Problem 1
Suppose that Anne is facing two options a and b. a gives Anne $4 on Tuesday, while b gives Anne
$9 on Wednesday. Annes utility function over
Ml ollZeYn/l i Sol/uliofk
Problem 1 (30pts)
Suppose that Saul faces three consumption vectors:
a .r = (2 birrritos,3 burgers),
o y = (3 burrito burgers),
- z = (5 bin-ritos,l burger).
Assume that Saul
2016 Spring EC 399 Midterm Exam Solutions
Jiabin Wu
Problem 1 (30 pts)
(a) Suppose AJs budget is $5 dollars. The price for apples is always $1 each. The price for the
first banana is $2, and every sub
Winter 2015 EC 399 Homework 4
(dim on February 5th Thursday
.liahiu in
Problem 1
Please provide real-life examples that you experienced or heard about for the following heuristics:
1) Conrmation Bias.
Winter 2015 EC 399 Humuwurk 5
(rfru' nu l'i-lu'umji; lth 'Him'sduy}
.liahin Wu
Problem 1
Suppusv :tll'i'i-«lu's \alilv littnt'tinn is givvn l)_\' Mr) Jr for gains (.r 7'} ll) anti t'lJ) 2V" .1' fur
lu
Winter 2015 EC 399 Homework 9 Solution
Jiabin Wu
Problem 1
Suppose that player B is guilt-averse. His guilt aversion parameter equals 0.5. In the following
game, what is the level of BAB that make pla
2015 EC 399 Midterm Exam Solutions
Jiabin Wu
Problem 1 (10 pts)
1) Suppose your budget is $5 dollars. The price for apples is always $1 each. The price for the rst
banana is $2, and every subsequent b
Winter 2015 EC 399 Homework 8 Solution
Jiabin Wu
Problem 1
1) Please circle the best responses of the two players on the game table above and determine the
pure Nash equilibria.
Answer:
The Nash equil
EC 399
Behavioral Economics and Its Applications
Winter 2015
Department of Economics, University of Oregon
Instructor: Professor Jiabin Wu (phone: 541-346-5778, email: [email protected])
Course Website
2015 EC 399 Final Exam Solutions
Jiabin Wu
Problem 1 (15 pts)
Suppose that Kyle and Thomas are both loss averse with identical value function v(x) = x/2
when x 0 and v(x) = 2x when x < 0. Kyle rst cho