Question
In: Economics
Consider the case of Rena's kidney. A good friend of yours, Rena Elle, needs a kidney....
Consider the case of Rena's kidney. A good friend of yours, Rena Elle, needs a kidney. There are two potential volunteers: Cameron and Simone. If one donates and the other does not, the one who free rides gets 5,000 of benefit; the one who donates gets 5,000 of benefit but suffers 4,000 of costs, for a net gain of 1,000. If Cameron and Simone both donate, surgeons take both their kidneys and choose the healthiest one for Rena. Then, both Simone and Cameron get a net benefit of 1,000 each. Finally, if neither donates, Rena dies, and nobody gets any payoff at all. Using your intuition, what would happen to Cameron's and Simone's ideal strategies if the benefit to having Rena saved were 4,500 instead of 5,000?
A. Regardless of payoff, Rena needs a kidney to live, so Cameron and Simone will not alter their ideal strategies.
B. Since Rena is less valuable to Cameron and Simone, they will donate with lower probability.
C. It reduces the likelihood of one player donating, so the other player will donate with higher probability.
D. If the benefit to Cameron and Simone decreases by 500, both will play their tough strategies and Rena will die.
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
Let’s imagine a good friend of yours started a restaurant and wants you to invest a...
Let’s imagine a good friend of yours started a restaurant and
wants you to invest a significant amount of money in his/her
business.
1. Which financial statement(s) that were introduced in Chapter
1 Accounting and the Business Environment would be relevant to your
decision making and why?
2.You are also given a chance to ask his/her
accountant three questions to help you
make the decision. What would you ask and why?
Python A good friend of yours sent you a long list of recipe names in a...
Python
A good friend of yours sent you a long list of recipe names in a
text file (where each line is a recipe that also includes
information about how long it takes to do the recipe). You only
want to know about the recipes that involve chocolate and are fast
(i.e., take 15 mins or less to prepare). Write the program for
this!
Write a program to -
+ Find recipes that involve
chocolate that can be done...
A friend of yours needs bypass surgery. She does not want to get blood from a...
A friend of yours needs bypass surgery. She does not want to get
blood from a blood blank and asks you to call up her friends and
ask them to donate blood. Her blood type is A-
You find out that 4 have blood type O+; 5 have blood type A+; 1
has blood type O-; 1 has blood type B-; 1 has blood type AB-
You will ask the friends with blood type/s
_______________________ to donate blood. Why? Your...
a) A good friend of yours is asking you whether she/he should undergo psychoanalysis or client-centered...
a) A good friend of yours is asking you whether she/he should
undergo psychoanalysis or client-centered therapy. Which factors
would you consider before answering her/him, and what would be your
final recommendation based on these factors? (write 400 words)
b) Do you think humanistic psychology was right in taking the
stance that psychology needed a 'third force' to counteract the
'dark side' of psychology (psychoanalysis)? write in-depth
c) Why are Bühler, Kohlberg, Erikson, and Gilligan's approaches
to development regarded as...
a) A good friend of yours is asking you whether she/he should undergo psychoanalysis or client-centered...
a) A good friend of yours is asking you whether she/he should
undergo psychoanalysis or client-centered therapy. Which factors
would you consider before answering her/him, and what would be your
final recommendation based on these factors? (write 400 words and
as you are writing and what would suggest so answer properly)
b) Do you think humanistic psychology was right in taking the
stance that psychology needed a 'third force' to counteract the
'dark side' of psychology (psychoanalysis)? write in-depth from...
1. A good friend of yours is asking you whether she/he should undergo psychoanalysis or client-centered...
1. A good friend of yours is asking you whether she/he should
undergo psychoanalysis or client-centered therapy. Which factors
would you consider before answering her/him, and what would be your
final recommendation based on these factors?
Please write in-depth as much as you can and answer each part of
the question.
Please answer this question by your thinking rather than copying
the whole from the material you already post. Thus, make the answer
by your own knowledge if you have...
1. A good friend of yours is asking you whether she/he should undergo psychoanalysis or client-centered...
1. A good friend of yours is asking you whether she/he should
undergo psychoanalysis or client-centered therapy. Which factors
would you consider before answering her/him, and what would be your
final recommendation based on these factors? (write 400 words and
as you are writing and what would suggest so answer properly)
Please answer this question by your thinking rather than copying
the whole from the material you already post. Thus, make the answer
by your own knowledge if you have...
A friend of yours recently said they came in contact with an antigen that is known...
A friend of yours recently said they came in contact with an
antigen that is known to cause an allergic reaction based upon a
family history. However, your friend says they did not feel an
allergic reaction. You believe though your friend will suffer an
allergic reaction if they come in contact with the antigen again.
Please discuss what happened with your friend with the first
initial contact and what will happen if/when your friend comes in
contact with antigen...
A friend of yours is excited about the results of an evaluation of a new rehabilitation...
A friend of yours is excited about the results of an evaluation
of a new rehabilitation program for adult prison inmates. She
compared a sample of released prisoners who completed the program
while they were incarcerated to a sample who did not, and she found
that 21% of the treatment group was rearrested within one year of
release, compared to 36% of the no-treatment group. She asserts
that this is a definitive proof that the program works. What should
you...
A friend of yours bought a handful of common stocks issued by a small company a...
A friend of yours bought a handful of common stocks issued by a
small company a few months ago. Recently, the company filed for
bankruptcy and is now in the process of liquidation.
Indicate in which order of priority would the following parties
be able to claim the company’s assets:
Holders of common stock
Bondholders (secured with collateral)
Holders of preferred stock
In general, could the court take possession of your friend’s
private assets (house, car etc.) for owning a...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Explain at least three reasons why there are so many divisions / denominations in the Christian...
- COSC 1436 Programming Assignment : Skill Practice Assignment 3 Your skill practice assignment this week will...
- Waste elimination and process improvement can be applied to virtually any process. Identify a process at...
- Do you think the FASB should continue to require the Statement of Cash Flows or are...
- Here is your chance to analyze an actual co-worker conflict situation and make suggestions on how...
- McKinsey Machines Ltd manufactures a single product A. It has two cost centers namely molding department...
- Threads: Assume a multithreaded application using user level threads mapped to a single kernel level thread...
ADVERTISEMENT