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Using the two text-box questions following this setup, answer two of the following four short answer questions. Indicate the numbers of the questions you are answering. Your answer should be no more than six sentences. If you answer more than two, we will choose two at random to grade. 1. Define availability bias and explain how it can explain the racial disparities we saw in the stop- and-frisk policy in New York City. 2. Why might a sophisticated, present-biased individual be willing to pay more to have an unhealthy behavior taxed than to have a healthy behavior subsidized? 3. Does requiring motorcyclists to wear helmets satisfy the criteria for Libertarian Paternalism? Does it satisfy the criteria for asymmetric paternalism? (If the answer is ambiguous, what does it depend on? 4. Define base-rate neglect and explain how it can explain the phenomenon of people inflating the probability that a person who gets a positive HIV test is actually HIV positive.

Using the two text-box questions following this setup, answer two of the following four short answer questions. Indicate the numbers of the questions you are answering. Your answer should be no more than six sentences. If you answer more than two, we will choose two at random to grade. 1. Define availability bias and explain how it can explain the racial disparities we saw in the stop- and-frisk policy in New York City. 2. Why might a sophisticated, present-biased individual be willing to pay more to have an unhealthy behavior taxed than to have a healthy behavior subsidized? 3. Does requiring motorcyclists to wear helmets satisfy the criteria for Libertarian Paternalism? Does it satisfy the criteria for asymmetric paternalism? (If the answer is ambiguous, what does it depend on? 4. Define base-rate neglect and explain how it can explain the phenomenon of people inflating the probability that a person who gets a positive HIV test is actually HIV positive.

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter16: Bargaining
Section: Chapter Questions
Problem 16.1IP
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Answer only 2 out of the 4 questions!

Using the two text-box questions following this setup, answer two of the following four short answer questions. Indicate the numbers of the questions you are answering. Your answer should be no more than six sentences. If you answer more than two, we will choose two at random to grade. 1. Define availability bias and explain how it can explain the racial disparities we saw in the stop- and-frisk policy in New York City. 2. Why might a sophisticated, present-biased individual be willing to pay more to have an unhealthy behavior taxed than to have a healthy behavior subsidized? 3. Does requiring motorcyclists to wear helmets satisfy the criteria for Libertarian Paternalism? Does it satisfy the criteria for asymmetric paternalism? (If the answer is ambiguous, what does it depend on? 4. Define base-rate neglect and explain how it can explain the phenomenon of people inflating the probability that a person who gets a positive HIV test is actually HIV positive.
Transcribed Image Text:Using the two text-box questions following this setup, answer two of the following four short answer questions. Indicate the numbers of the questions you are answering. Your answer should be no more than six sentences. If you answer more than two, we will choose two at random to grade. 1. Define availability bias and explain how it can explain the racial disparities we saw in the stop- and-frisk policy in New York City. 2. Why might a sophisticated, present-biased individual be willing to pay more to have an unhealthy behavior taxed than to have a healthy behavior subsidized? 3. Does requiring motorcyclists to wear helmets satisfy the criteria for Libertarian Paternalism? Does it satisfy the criteria for asymmetric paternalism? (If the answer is ambiguous, what does it depend on? 4. Define base-rate neglect and explain how it can explain the phenomenon of people inflating the probability that a person who gets a positive HIV test is actually HIV positive.
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