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Larry and Moe must choose one technology out of five to cure a disease. The probability of success for a given technology is estimated with
Larry and Moe must choose one technology out of five to cure a disease. The probability of success for a given technology is estimated with noise, but on average both Larry and Moe are correct in their estimations. However, Larry is more accurate in his estimations than Moe. Both Larry and Moe will work harder if they believe the probability of curing the disease is high. Everything else is equal. What is true a) Larry will work harder b) Larry and Moe will work equally hard c) Moe will work harder d) We can't tell
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