Question:
- Suppose That You Are A 17 Year Old Student Deciding Whether Or Not To Attend University A Year From Now You May Work Fr 1 (14.67 KiB) Viewed 12 times
Suppose that you are a 17 year old student deciding whether or not to attend university a year from now. You may work fr
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Suppose that you are a 17 year old student deciding whether or not to attend university a year from now. You may work fr
Suppose that you are a 17 year old student deciding whether ornot to attend university a year from now. You may work from ages 18to 65, and without a college degree you can earn 30, 000 per year.Assume that there are no taxes and that the interest rate is r =0.05.
Question:
W (5) Now suppose that you are risk averse, with a utility function u(W) = 1-e100,000. How high must the probability p of finding a high paying job be for you to attend college?
Question:
W (5) Now suppose that you are risk averse, with a utility function u(W) = 1-e100,000. How high must the probability p of finding a high paying job be for you to attend college?