Gabby flips a fair coin and it shows heads, When trying to guess what the coin will show on the next flip, Gabby guesses heads because she thinks t ls more likely to occur than tals since the coin showed heads on the last fip. Gabby suffers from the: hothand fallecy gemblers failecy hot potato fallacy. gambler's myth,
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Gabby flips a fair coin and it shows heads, When trying to guess what the coin will show on the next flip, Gabby guesses
heads because she thinks t ls more likely to occur than tals since the coin showed heads on the last fip. Gabby suffers
from the:
hothand fallecy
gemblers failecy
hot potato fallacy.
gambler's myth,
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- Play the lottery Some people play state-run lotteries by always playing the same favorite “lucky” number. As-suming that the lottery is truly random, is this strategy better, worse, or the same as choosing different numbersfor each play? Explain.Saved to this PC V ut References A A Aa x² A a. b. C. O Search (Alt+Q) Mailings Review View Help Du A A EEE ΕΞ ΑΙ ¶ ↓ E- Paragraph LO Value of first donut Value of second donut Value of third donut Value of fourth donut Value of fifth donut Value of sixth donut S Normal Problem 1 Tammy loves donuts. The table shown reflects the value Tammy places on each donut she eats: $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 If the price of donuts is $0.20, how-many donuts will Tammy buy? Why? Body Text How much consumer surplus would she have at a price of $0.20? Styles m If the price of donuts rose to $0.40, how many donuts would she purchase now? What would happen to Tammy's consumer surplus?please answer the rest, and pls double check if my answers are right
- Consumer bas the form u (w) - [w. she ini tially has' wealth 'of 425 and with prodabi lity ia and willl de warth $o with probadly' or8. Snauer the falkwing uetims: ex lottery Hicket that will be worth $5 Ô blhat iū er expertad whility? O What is the lowest orice that ohe is willing acept in of der for her to sall her ick to? (That is, what is er certainty equivalan cE) of thuis lotteny? o Calculate her rirk pe mium (RP) ef Hhis lottery.I think my answer is right. Can you please answe this for me if it's not and explain why? Thank you!please only do: if you can teach explain each partc: what does it mean? can you show graphs: show WARP : If the consumer’s wealth is high enough that both bundles can buy with both prices then WARP violates If the consumer may not be spending all of her wealth, are her choices consistent withthe Weak Axiom of Revealed Preference (or is it impossible to determine)?: If the consumer’s wealth is high enough that both bundles are aordable atboth prices then WARP violates. why? Therefore, it is notpossible to know
- 1s it pessible fes matginal utility tolal to be negative and uwility to be possitive) why orwhy nah 8. noIm. aminmagmaycempany Cemsumens by Ht dagsand Hlambursens. The fived basbet. Cemsints oflo Hat dogs and 6 Homburgere A Ret dog cot $3 n 2o06 amd $5.pin 2007. A Homburcer cet 5 m 2006.omd $6in 2o07 Colulate CPTE +Th200615 relected he bove 2006 omd 2007. and what is the imeotion rote betweem 2006 amd 2007Where are nudges least likely to be useful The choice is a very complicated one OA person has lots of chance to learn from experience O Choices that are made only once in a lifetime There is a lack of information
- QUESTION 23 Quantity Per Week 0 1234 00 0 5 6 7 8 9 Amy 0 5.0 9.9 14.7 194 24.0 28.5 329 37.2 414 Total Utility David 0 600 1200 1800 2400 3000 3600 4200 4800 5400 Robert 0 100 190 270 340 400 450 490 520 510 Michelle 0 60 130 220 310 425 575 900 1275 1770 Refer to the above table. Which of the four people have utility schedules characterized by the law of diminishing marginal utility? O Michelle and David only O Amy and Robert only Michelle only Amy, Robert, and David only:35:56 Sun&Sand sport focuses on customers who are active sports players and thus need to buy sports clothing and shoes. Which segmentation strategy is the most beneficial for Sun&Sand Sports? 6 t of estion Select one: a. Geographic segmentation O b.Psychographic segmentation C. Demographic segmentation O d.Behavioral segmentation DUs pageBob's utility function implies O time stationarity O transitivity O impatience O all of the above I need help with the questions