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1. Do you think it is rational to be influenced by whether a choice is presented to you in an opt-in or opt-out variant if the choice is itself and the literal content of the information you are given is the same in either case? what concept or concepts of behavioral economics are involved here? Discuss
2. Some people object to the opt-out variant as ethically inferior. They consider a donation by default not to represent true altruism because it does not require a positive charitable act on the part of the donor. What do you think?
3. Both the opt-in and opt-out variants described in the study rely on other- regarding preferences. Other economists have suggested that people should be paid for making organ donations. Do you think that would be practical and effective from an economic point of view? would it be ethical? why or why not? would you view it as more acceptable if donors received an indirect or in-kind payment (say, a contribution to their retirement account) rater than setting up an actual market for donated organs? Discuss.
The first time it took you 115 minutes to put on tire chains, the second time it took 85 minutes, the third time it took 76.1 minutes, and the fourth time it took 63 minutes. Which Learning Curve Unit Improvement Factor should you use?
The product design group of Flores Electric Supplies, Inc., has determined that it needs to design a new series of switches. It must decide on one of three design strategies.
Determine the target inventory level (TIL) if the hospital wishes to take no more than a 2% chance of running out of oxygen between orders.
You own the Mayer Electrical Distribution Company, and your goal is to maximize your before-tax profits. You currently pay salespeople a base salary and a flat 4 percent commission on sales. What was your total profit before taxes this year? What is ..
An assembly line consists of 158 tasks grouped into 9 workstations. The sum of all task times is 11.2 minutes. Cycle time for the line is 5.0 minutes. The efficiency of this line is approximately( ). Given an actual demand of 109, a previous forecast..
You have 30 steel balls. All weigh the same except one which is lighter (Red X). You have a weighing scale and 2 pans (no measurements). Identify the Red X ball in the least number of tries on the weighing scale.
Premier was a successful, high-end, web-based retailer that was shut down by a distributed denial of service attack (DDoS) for 75 minutes.
Read and analyze the JetBlue Airlines: Getting Over the “Blues” case. What are key forces in the general and industry environments that affect JetBlue’s choice of strategy? What internal resources and assets does JetBlue have that may give it a compe..
Compare and contrast The Classical Model of Decision Making with the Administrative Model of Decision Making. explain employees orientation and training programs.
Consider the selection of metrics for this scorecard. Do you think this scorecard will provide managers and administrators with a balanced view of the organization's performance? Explain why or why not. Suggest adding and/or deleting any metrics a..
Are global consumers spoiled and unrealistic in their expectations, or are they finnaly demanding their rights in the market place?
Describe one of your suggestions for Siemens to pursue, and discuss how aggressive Siemens should be in pursuing that new technology
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