Question: True/False and Briefly explain in 3 sentences or less and/or graphs. a. (3pts) Under the Beta-Delta Model, preferences will be time-consistent if an individuals delta
True/False and Briefly explain in 3 sentences or less and/or graphs.
a. (3pts) Under the Beta-Delta Model, preferences will be time-consistent if an individuals delta remains steady over time.
b. (3pts) Statistical discrimination is always the good form of discrimination
c. (3pts) It is always possible to coordinate on a 2-player prisoners dilemma game over a long but finite time horizon.
d. (3pts) Assume ideal point preferences over 2 dimensions for voters in a population. Consider a series of binary votes over different policies on those 2 dimensions. The most efficient policy (in terms of minimum distance away from the voters) will always result in the end.
e. (3pts) Public goods are often under-provided because there is little incentive for individuals to report their true willingness to pay for the good.
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