Christopher Russell
University of Illinois at Chicago
Econ 270
Spring 2014
Problem Set #3
1. Consider the following table of 1000 people screened for a disease:
None
DISEASE STATUS
Mild
Moderate
Sever
Prof. Marcus Casey
University of Illinois at Chicago
Spring 2016
Econ 270
Problem Set #4 Key
1. The key thing to recognize is that the sample mean averages the realizations of several individual rando
Economics 332
Problem Set 2
Due Tuesday, February 9, 2016
1. Chicago Density Gradient
Use the data included on the spreadsheet Census Tract Data (downloadable from
Blackboard) to estimate a density gr
Homework 1
ECON 121
Submit your work at the beginning of class on Friday (September 16 th, 2016). You may work with other
students but the write-ups must be unique. For calculation questions you must
Economics 270
Homework #1
1. Explain briefly the distinction between the descriptive and inferential branches of statistics.
2. The Consumer Expenditure Study surveys people about their finances and s
Prof. Marcus Casey Spring 2014
University of Illinois at Chicago Econ 270
Problem Set #6 Key
éuppose that wealth in the population is assumed to have the following distribution (in thousands of
dol
Econ 270 Problem set 3
Due Thursday, September 24th
Instructions: Please write/type all the questions and hand in a hard copy during lecture on
Thursday, September 24 .
This problem set will NOT conta
Homework 1
ECON 121
Submit your work at the beginning of class on Friday (September 16 th, 2016). You may work with other
students but the write-ups must be unique. For calculation questions you must
Homework 2
ECON 121
Submit your work at the beginning of class on Monday (Nov 14th, 2016). You may work with
other students but the write-ups must be unique. For calculation questions you must show yo
Prof. Marcus Casey
Spring 2016
University of Illinois at Chicago
Econ 270
Problem Set #3 key
1. (Binomial Distribution) Suppose that you are taking the LSAT and you look at your watch and realize you
Homework 2
ECON 121
Submit your work at the beginning of class on Friday (October 14th, 2016). You may work with
other students but the write-ups must be unique. For calculation questions you must sho
Prof. Marcus Casey
University of Illinois at Chicago
Spring 2014
Econ 270
Problem Set #4
Due Feb. 24th
1. You work for the US Anti-Doping Agency which is tasked with monitoring potential drug use
amon
Economics 332
Urban Economics
Problem Set #4
Due March 31, 2016
4. The data on ps4data.xls (attached in Blackboard) are actual recent housing data for a
neighborhood in Northwest Chicago. These data a
Housing Demand
Housing as a Good
Largest component of consumption: 25%
39% of developed land.
93 million units in 322 metropolitan areas
(2003)
about a third renter, 2/3 owner occupied
more than 60% i
PSYCHOLOGY MATTERS WHEN
Decision makers are inexperienced (picking a spouse)
Transactions are person-to-person (arguing with boss)
Stakes are low (most goods in Walmart)
Transact w/ professional s
LAB EXPERIMENTS
ExampleEquity/Efficiency Tradeoff Classroom Experiment
Strip issue to essential issues (repeated division of $10)
Control other influences (no talking, instructor chooses roles)
Consi
BEHAVIORAL OR TRADITIONAL?
Behavioral Economics: A subfield of economics that
seeks to increase the explanatory power of
traditional models by incorporating more realistic
psychological foundations
T
WHAT SHOULD STUDENTS KNOW
ABOUT PSYCHOLOGY AND
ECONOMICS?
Adapted with permission from David Laibson, Robert I. Goldman Professor of Economics,
Harvard University
Slides presented at Harvard Teaching
Defining Urban
Defining Urban
Legal entity
Towns, municipalities, cities
Do these correspond to economic units?
Boston only about 10% of its consolidated metropolitan
statistical area
But notice
Behavioral Econ Quiz 1
Market institution full spec of rules of trade
Posted-offer auction
efficiency
equity
decentralized trading process
double auction
pit market
call market
game theory
ultimatum g
SLIDES ON
PINKER
Econ 344: 2-22-16
STEVEN PINKER
Canadian-born experimental psychologist, cognitive scientist,
linguist and popular science author.
He is known for his advocacy of evolutionary psych
EVALUATING USABILITY
Data & Analysis
TYPES OF DATA
And how to read them
WHAT TYPES OF DATA ARE RELEVANT
TO OUR INTERESTS?
When evaluating how
usable a design is, there
are many data you may
want to ta
Christopher Russell Spring 2014
University of Illinois at Chicago Econ 270
Problem Set #2
1. Suppose our population of interest is 3rd graders at Green Elementary. We are
interested in the distributio
Econ 270
Due: 9/17/15
1. Suppose our population of interest is 3rd graders at Green Elementary. We are interested in the
distribution of height among 3rd graders. We were able to measure all 3rd grade
Economics 270
Practice Problems (Similar to HW#3 material)
1. The sampling distribution of x
appears below:
x
P (
x)
10
.25
15
.30
20
.10
25
.35
is:
Then, the expected value of X
A. 17.75
B. 17.50
C