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Foreign Policymaking

by: Maxine Ondricka

Foreign Policymaking INR 3303

Maxine Ondricka
GPA 3.51


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This 1 page Class Notes was uploaded by Maxine Ondricka on Monday October 12, 2015. The Class Notes belongs to INR 3303 at Florida International University taught by Staff in Fall. Since its upload, it has received 38 views. For similar materials see /class/221823/inr-3303-florida-international-university in INTERNATIONAL RELATIONS at Florida International University.


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Date Created: 10/12/15
INR 3303 Parametric Choice Exercises Prof Paul A Kowert Remember Ask yourself first whether any part of the problem is guaranteed to happen 100 probability then determine the probability of each of the other things that might happen and multiply those probabilities by the relevant utilities Show the utility equation as well as the answer for each problem 1 What is the expected utility of a promotion at your local grocery store that gives a coupon worth 10 to every fifth customer who comes into the store assuming that you go to the store twice while the promotion is running 2 What is the expected utility of betting 2 that you can draw a quotclu quot out of a regular deck of 52 cards assuming that you will win 16 if you succeed 3 Suppose a friend offers to pay you 128 if you can ip a coin five times and get exactly the following sequence HeadsTailsHeadsTailsHeads If any other sequence occurs however you must you must pay your friend 5 Calculate the expected utility of this situation Should you take the bet 4 Suppose you invest 10000 in a business that promises to pay you a 20 return on your investment ie 12000 if the business succeeds If the business fails however you will receive nothing You estimate that there is a 75 chance that the business will succeed Calculate the expected utility Should you invest 5 What is the expected utility of agreeing to ip a coin three times under the following circumstances If it is Heads on the first try you win 5 but you lose 2 if it is Tails If it is Heads on the second try you win 2 but you lose 10 if it is Tails If it is Heads on the third try you win 2 but you lose 2 if it is Tails Finally if it is Heads three times in a row you win an extra 20


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