Answered: 1. Which of the following vectors…

1. Which of the following vectors represent a simple lottery? Which represent a degenerate lottery? (a) (0,1,0, 0, 0, 0) (b) (}, 20,0, }, 4) (c) (§, }, }, }) (d) (0,1) (e) (0, 흥, 0)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1. Which of the following vectors represent a simple lottery? Which represent a degenerate
lottery?
(a) (0,1,0,0,0, 0)
(b) (}, 2,0, , 1)
(c) (?
(d) (0,1)
(e) (0, 3, 0)
6.
5, 4
1
1
3' 3' 3' 3

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