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.
2) Availability Heuristics.
Problem 2
In the following
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 chooses between two options A and B:
A:
1
2
probability of
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 player B prefer to choose M , after player A chooses R.
(B
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 banana costs $1. Draw your budget line.
Answer:
Problem
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 equilibria are (U, L), (D, L) and (D, R).
2) Suppose that pl
EC 399
Behavioral Economics and Its Applications
Winter 2015
Department of Economics, University of Oregon
Instructor: Professor Jiabin Wu (phone: 541-346-5778, email: jwu5@uoregon.edu)
Course Website: Blackboard!
Time and Location: Tuesday, Thursday 8:30