Problem Set 2
Economics 3102

Groupmember names and NetID's (abc123)
(This is only backup; more important is for each student to ll out PS2 survey)
Points
Graded Questions
/12
Other questions
/6
Procedural
/2
Total
[Update Sept 30: Each student should
Extra Practice for Midterm 1

Very Short Answer
The exam may include a section with very short questions like these:
(a)
In a twoplayer game, if action A dominates action B, then A is dominant. Always true, sometimes
true, or never true?
(b)
A utilitari
EuChae Park epr571
Eshawn Sharma esq100
Mark Duanmu mld539
u(w) =
p
w
w = 25
w = 100
w = 400
u(w) =
p
w
u(w) =
w = $900
p
w
w = $100
w
u(w) = w1
u(w) =
w1
1
BRR (C)?
2 1
3C 3D
u(w) =
p
w
2 1
3C 3D
w
u(.)
+$100
$100
1
p = 0.55
p = 0.45
cfw_($200, 0.55)
Problem Set 1
Economics 3102

Names of team members:
.
.
.
Up to 3 total per group. Submit one copy per group. If you have a group of 4 then split into two
groups of two. If you want to work solo then send the professor an email explaining why.
   
Announcements
PS 5A due Thursday Oct 20 by 11:59pm
Next class: 5.4, 5.6
Midterm next Friday Oct 21, inclass
50 minutes, about 30 points
Content:
Through Slide 9 of LEC 8
Ch1: 1, 2, 3, 5, 6
Ch2: 1, 2, 4
Ch3: 1, 2, 3, 5 and (102105 of 3.4)
Ch4: 1, 2, 3, 4
Announcements
PS 6A,6B and PS 7A,7B due Friday Oct 28 by 11:59pm
Next class: 6.16.3
Will return exams on Wednesday.
LEC 13: Agenda
Normal distribution
Normal approximation for the Binomial distribution
Jointly distributed continuous random variables
Join
Midterm 1
Econ 3102
2015Oct22 (Fall)
With the exception of the SingleAnswer portion, you should show work and/or explain; potential
partial credit for incorrect answers that include correct steps or discussion; potential deductions if you
provide no w
Announcements
PS 4A,4B due Friday Oct 14th by 11:59pm
Next class: 5.15.2
LEC 9: Agenda
Review: Notation and formula for discrete random variables
Jointly distributed random variables
Conditional mean and variance
Covariance
Correlation
Linear combination
Announcements
Problem Sets 1A,1B due Friday Sept 30th by 11:59pm
Problem Sets 2A,2B due Monday Oct 3rd by 11:59pm
Post questions separately as files; you enter your answers into
the corresponding quiz
Note: Sections will cover lecture material from the pr
Announcements
Problem Sets 3A,3B due Friday Oct 7th by 11:59pm
Both A and B versions are graded; the TAs cannot give you
answers on any problem set questions. Do not ask them.
Next class: 4.14.3
In lecture, if you missed something, say something!
Because