Question

Please answer the questions and give the explanation Quasi-hyperbolic discounting is a special case of hyperbolic...

Please answer the questions and give the explanation

Quasi-hyperbolic discounting is a special case of hyperbolic discounting. (T / F)

If a fund manager’s performance depends on both ability and luck and you think luck is overly persistent, then you will exhibit the hot hand effect when predicting the manager’s performance. (T / F)

Homework Answers

Answer #1

True, Quasi-hyperbolic discounting is a special case of hyperbolic discounting. Hyperbolic discouting takes into consideration that people have a tendency to choose smaller soon reward than larger later reward. and quasi hyperbolic is a type of that hyperbolic discounting.

True. Hot hand effect says that a person have experience success with a random event that is luck over here. So to find out for further success hond hand effect can be used to predict it.

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