Discord = Google Docs Human Developme AVE PURI What's the expected monetary value of entering the game? O 300 500 O -100 100 O -200 D Question 10 1 pts You're thinking of entering a card game that has a $200 buy-in. You think you've got about a .3 chance of winning the whole pot, which would be a $1000 prize, a .5 chance of winning $200 and a .2 chance of losing $500. Does rationality required that you enter the game? No, the EMV is negative, so it would be irrational to play O. No, the EMV is positive, but rationality does not require that you play. O Yes, the EMV is positive and so it would be irrational not to playQuestion 9 1 pts You're thinking of entering a card game that has a $200 buy-in. You think you've got about a .3 chance of winning the whole pot, which would be a $1000 prize, a .5 chance of winning $200 and a .2 chance of losing $500. What's the expected monetary value of entering the game? O 300 O 500 O -100 O 100 O -200 D Question 10 1 pts You're thinking of entering a card game that has a $200 buy-in. You think you've got about a .3 chance of winning the whole pot, which would be a $1000 prize. a .5 chance of winning $200 and a 2 chance of losing $500. Does rationality require that you enter the game? O No. the EMV is negative, so it would be irrational to play O No, the EMV is positive, but rationality does not require that you playD Question 1 1 pts There is a game for which you pay a $1 fee to participate. Then a die with six faces is rolled. If you win, you get $5 (but you don't get back the $1 fee). If you don't win, you lose only the $1 fee. For the following variations on the game, calculate the expected monetary value of playing the game, and say whether you should play (if all you care about is money and not how fun it is or how long it takes): a. You win only if 6 comes up b. You win if either 5 comes up or 6 comes up. C. You win as long as the value rolled is even. You should play only C but not A or B. O You should play all three games O You should play only B and C but not AGoogle Docs & Human Developme HUE Amum O honoring sunk costs O time-inconsistent discounting O certainty effect O the diminishing marginal utility of items the endowment effect 06 PM (0 minut D Question 5 1 pts You're taking someone on a first date and you want it to go well. You think of two options: you could take a bike ride the secret back way to Putah creek or you could take them bowling at the MU. You'd way rather go to the creek if they have a bike to get there, but there's a chance your date doesn't have a bike. Assuming they do have a bike, you value the creek option five times as much as bowling. If they don't have a bike, you'd have to walk and it's really far, so you'd rather go bowling. You think if they don't have a bike, you'd like bowling half as much as riding to the creek but twice as much as walking all the way to the creek. You think it's about a 70 chance they have a bike. Which option has higher EU and by how much? O Bowling has roughly 75% of the EU as Putah creek O Putah creek has less than half the EU of bowling O Putah creek has roughly 75%% of the EU of bowling O They have the same EU Bowling has less than half the EU of Putah creek