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Write a paper that uses game theory to to set up a game designed to help a consumer decide whether to buy life insurance or not. To keep the game relatively simple, assume the life insurance being considered is term life, i.e. insurance without an accumulating investment value. Keep in mind that your paper is going to be read by people without prior knowledge of game theory. Remember to cite any outside references used. Hint: The most common set-up for this game is to have a potential insurance buyer playing against 'Mother Nature'.
It can be argued that knowledge flow, sharing, and leveraging is required for effective global business management. Present an example of this in practice (what does it look like?), and discuss how value is generated. How does this relate to str..
What is the 99% confidence interval for the difference between the two school's scores. (For consistency, let the difference d=A-B.) b. Suppose we want to perform a two-tailed test where H0 is that ?d=0. What is (approximately) the p-value of the ..
Explain how a "rising" American dollar will affect. Since the “meltdown” of 2008, many large companies (such as IBM) have issued more debt (corporate bonds) and used the proceeds for research and development to develop new products/product lines. Eff..
Describe one weakness and one strength of the gold standard. Do you agree with Milton Friedman that any system of pegged exchange rates is not a satisfactory system for countries with independent political systems; or do you agree with Ronald McKinno..
Why was the Federal Reserve System set up with twelve regional Federal Reserve banks rather than one central bank, as in other countries? The Fed is the most independent of all U.S. government agencies. What is the main difference between it and othe..
Mike borrowed $20,000 from a credit union to buy a car at 8.5% interest per year compounded monthly for 60 months. The monthly payment for Mike is equal to _______________?
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
All firms produce a homogenous or perfectly standardized commodity. The product of each firm in a perfectly competitive market is identical to the product of every other firm. This condition ensures that buyers are indifferent as to the firm form ..
Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $12000 per year for 4 years, starting 11 years from now. The interest rate remains constant over this entire period of t..
If the U.S. interest rate, adjusted for people's expectation of inflation, increases sharply relative to the rest of the world, then
Analyze the microeconomic environment of corporate operations. Assess the impact of ethical and regulatory considerations on economic decisions. Analyze the macroeconomic environment of corporate operations.
How does the law of diminishing marginal utility fit into an analysis of the demand for health care? Give some examples of decisions concerning health care where you personally are indifferent between getting medical care or doing without medical car..
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