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Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616 Exercise 3
Nora is starting a business. If she invests $ X , she will be able to sell the business for
for a net profit of
How much should she invest, and how much profit will she earn Now suppose Nora is overconfident: she believes she willbe able to sell the business for
How much will she invest What level of profit will she expect to earn How much profit will she actually earn By how much does her overconfidence reduce her profit
for a net profit of How much should she invest, and how much profit will she earn Now suppose Nora is overconfident: she believes she willbe able to sell the business for How much will she invest What level of profit will she expect to earn How much profit will she actually earn By how much does her overconfidence reduce her profitExplanation
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Microeconomics 2nd Edition by Douglas Bernheim
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