Question.2552 - For each of the following three scenarios, would you rather: Receive $100 in one month or $100 in two months (most people prefer the former)? Be given an excellent meal at a nice restaurant in one month or in two months (most people prefer the former)? c. Be given a mediocre meal at a mediocre restaui·ant in one month and then an excellent meal at a nice restaurant in two months or an excellent meal atil nic.P. r?.st;i11r;int in on?. month followP.Cl hy mP.Clioc:rP. mP.il1 ;it il mP.Clioc:rP. rP.st;i11r;int in two months (most pP.oplP. prP.for th?. formP.r )? Assume that you respond as do most people. Explain any inconsistency in your preferences. Churches, schools, and other nonprofit institutions have held jelly bean counting contests where contestants compete for a prize by estimating the number of jelly beans in a large jar. There is evidence suggesting that averages of contestant estimates tend to be superior to specific individual estimates. Why might this be true?
Answer Below:
Question xx we xxxx at xxxxxxxx i xxx ii xx can xxx that xxxxxxxxx investors xxx impatient xx we xxx see xx both xxx cases xxxxxxxxx opt xx receive xxxxx or xx excellent xxxx in xxx month xxxxxx than xxxxxxx for xxx months xxxx usually xxxxxxxxx the xxxxxxx of xxxx value xxxx money xxx nice xxxxx This xxxxxxx of xxxxxxxxxx and xxxx value xxx a xxxxxxx trend xx case xx scenario xxx as xxxxx preference xxxxxxx People xxxx ready xx take xx mediocre xxxxx in xxx first xxxxx in xxx hope xx getting xxxx meals xxx two xxxxxx They xxxx ready xx give xx the xxxxxxx of xxxx value xx order xx see xxx upward xxxxx in xxxx of xxxx meals xx a xxxx restaurant xxxxxxxxx we xxx see xxxx in xxxx of xxxxxxxx i xxx ii xxxxxx have xxxxx impatient xxxxxxxx in xxxxx of xxxxx or xx excellent xxxx at x nice xxxxxxxxxx They xxxx not xxxxxxx to xxxxxxx shift xx in xxx second xxxxx but xx case xx third xxxxxxxx people xxxx up xxxxx impatient xxxxxx and xxxx ready xx have x mediocre xxxx at x mediocre xxxxxxxxxx in xxx first xxxxx followed xx an xxxxxxxxx meal xx a xxxx restaurant xx two xxxxxx Lowenstein xxx Prelee xxxxxxxxx this xxxxxxxxxx Question xxx evidences xxxxxxxxxx that xxxxxxxx of xxxxxxxxxx estimates xxxx to xx superior xx specific xxxxxxxxxx estimates xx that xxxxx participant xxx his xx her xxx unique xxxxx of xxxxxxxxxx which xxx based xx the xxxxxxxxxxx abilities xxx skills xx the xxxxxxxxxx When xx estimation xx made xx individual xxxxxxxx all xxx attributes xx order xx provide x best xxxxxxxx When xxx the xxxx estimates xxx combined xxxxxxxx systematic xxx correlated xxxxxxxxx are xxxxx to xxxxx On xxx other xxxx along xxxx the xxxx attributes xxxxx is xx element xx weakness xxx biasness xx the xxxxxxxxxx estimation xxxxxxx Even xxxxxx an xxxxxxxxxx tries xxx or xxx level xxxx to xxx to xxxxxxxxxxx the xxxxxxxxxx but xxxx are xxxxx to xxxxxx in xxx estimation xxxxxxx but xx the xxxxxxxxxx in xxx estimation xxxxxxx are xxx correlated xxxx the xxxxxxxxxx estimate xxxx not xx considered xx bias xxxxxxxxx there xx complete xxxxxxxxxxx between xxx weakness xxx best xxxxxxxxxx of xxxxxxxxxxMore Articles From Finance
.ico)
.ico)
.ico)
.ico)
