economics experiment are you interested in participating in an economics experiment where you will...
Post on 20-Dec-2015
216 views
TRANSCRIPT
Economics ExperimentAre you interested in participating in an economics experiment where you will have chance to win a new iPod Touch (with video, wireless internet
and 16GB storage) ? The experiment involves answering multiple-choice questions based on material in this
course. The experiment will take place online.
web.econ.ucsb.edu/study/signup
If you are interested in participating, please go to the following web site for more information:
Externalities
Quiz 2 on Monday
• Covers all chapters that we have completed
with greater emphasis on material covered since first quiz.
• There will not be questions on externalities.
• There will be 20 questions.
Do you wish your apartment or dormitory were less noisy?
A) YesB) No C) Doesn’t apply. I don’t live in an apartment
or dormitory.
A commuting game.
• You have two ways to commute from home to work. – The short way by narrow road– The long way by freeway
• Commute time by freeway is always 30 minutes.
• Commute time by narrow road depends on how many others take narrow road.
Your choice
• If N people go short way, it takes 15+N/10 minutes to make the trip.
• Freeway always takes 30 minutes
• You hate commuting and want to minimize
travel time.
• Choose your route using Clickers. We’ll do this repeatedly, simulating commuter days.
Your score for the day.
• Everybody gets 5 points per trial. Those who spend less than the mean amount of commuting time in total get an extra 5 points. Whoever spends least time commuting gets $20. (If a tie, winner determined by lottery.
• You must choose one way or the other. If you don’t click either option, you are assessed 1 hour commuting time.
Day 1: I will travel by the
A) Short way
B) Freeway
Day 2: I will travel by the
A) Short way
B) Freeway
Day 3: I will travel by the
A) Short way
B) Freeway
Day 4: I will travel by the
A) Short way
B) Freeway
Day 5: I will travel by the
A) Short way
B) Freeway
Lets move on to our lecture…