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- 2 Prove rigourously, "Constant relative risk aversion (CRRA) implies decreasing absolute risk aversion (DARA), but the converse is not necessarily true."Need urgent plz..hand writtenX剪下 - 12 A A 自動換行 通用格式 回填滿。 新細明體 條件式格式格式化為儲存格 設定。 插人 删除 格式 圈。%98 -98 00 .00 0 ◇清除。 G複製。 貼上 《製格式 表格。 樣式v B IU、田、 ◇、A、 、三三三 三正園跨欄置中 樣式 儲存格 編标 數值 字型 對商方式 剪貼薄 不要再顯示 另存新檔. 可能發生資料遠失如果將活夏簿儲存為文字(txt)格式,會遺失部分功能,若要保留這些功能,請將活頁適儲存為Excel.檔案格式, vį X v fx J M D F G A B 2019 2,844.56 2,844.56 2020 Estimates Start After 2,671.57 2,688.54 Scale Country/S 2016 2017 2018 1 Country Subject Descriptor 2 Hong Kon GrOss domestic product, constant prices 3 Hong Kon Gross domestic product, current prices 4 Hong Kon Gross domestic product per capita, constant prices 5 Hong Kon Gross domestic product per capita, current prices 6 Hong Kon Unermployment rate Units 2020 2,893.16 2,835.12 2.710.34 2,490.44 367,398.57 2,813.09 2,659.38 379,474.85 386,455.17 378,225.72 359,647.43 358,741.15 378,702.58 378,225.72 361,931.53 3.127 Billions Source: Na National currency National currency National currency 2020 Billions Source: Na 2020 Units See notes I 2020 National currency Units See notes 1 337,590.38 Percent of total…
- [Adverse Selection] Each of the two players receives an envelope, in which there is anamount of money that is equally distributed from $0, $1, $2, ..., $100. The amounts in twoenvelopes are independent. After receiving the envelope, each individual can check exactlyhow much money is put in his/her own envelope. Then each player has the option to exchangehis/her envelope for the other individual's prize. The decisions are made simultaneously. Ifboth individuals agree to exchange, then the envelopes are exchanged; otherwise, if at leastone player chooses not to exchange, each individual keeps his/her own envelope and receivesits attached sum of money.a. Model this game as a static Bayesian game (write the normal formrepresentation) and find the Bayesian Nash equilibrium.b. Consider a new game where the probability distribution of money in eachenvelope is changed. The amount is equal to $100 with probability 90%, and is equalto each number in $0, $1, $2, ... ,$99 with probability 0.1%.…please only do: if you can teach explain steps of how to solve each part what is the optimizatio formula that was use for foc? please solve each partBecky is deciding whether to purchase an insurance for her home againtst burglary. the payoff for her is shown as follow: Net worth of her Net worth of her home: $ 20000 burglary(10%) Net worth of her Net worth of her home: $50000 burglary (90%) The insueance would cover all the loss from burlary and the insurance fee is $8000. Her utility funtion is given as u=w ^0.3 Should Beck purchase the insurance Explain.
- 9those determinations. Respond to the following questions in a minimum of 175 words: . Consider a situation that you might need to use your understanding of probability to make an informed decision. • What sorts of information would you collect? • How might you use what you have learned about probability to determine a course of action? What are the possible benefits and limitations of this approach? Due Monday Reply to at least 2 of your classmates. Be constructive and professional in your responses. Copyright 2020 by University of Phoenix. All rights reserved. New Group 1 17 Responses 33 RepliesOnly typed Answer
- . If you examine the decision tree in Figure 9.12 (orany other decision trees from PrecisionTree), you willsee two numbers (in blue font) to the right of each endnode. The bottom number is the combined monetaryvalue from following the corresponding path throughthe tree. The top number is the probability that thispath will be followed, given that the best strategy isused. With this in mind, explain (1) how the positiveprobabilities following the end nodes are calculated,(2) why some of the probabilities following the endnodes are 0, and (3) why the sum of the probabilitiesfollowing the end nodes is necessarily 1.15) If money has a time value, then the future value will always be more than the original amount invested. Select one: True False 16) A series have the receipts in year 1 =$ 80000. If the Fees are expected to increase uniformly to a level of $200,000 in nine years. What is the possible value for the gradient? Select one: a. $20000 b. $ 15000 c. $ 30000 d. $ -20000 17) In a cash flow series regarding the gradient: Select one: a. Uniform gradient signifies that an income or disbursement changes by the same amount in each interest period b. Either an increase or decrease in the amount of a cash flow is called the gradient c. The gradient in the cash flow may be positive or negative d. All of the above is correctPlz do the both