28 Dec Econ Time And Mind Homework Module 8 and 9
Econ Time And Mind
Homework Module 8 and 9
1) 30 pt Fill in the following time equivalent for mental attention and discount rate (per second). Hint: Use a= exp(-????????ta), make sure to use LN function (natural log)
Highlight which combinations are less than 5 “seconds” distant. Interpret these results.
Attention (a)
???????? = .001 ???????? = .01 ???????? = .1 ???????? = 1 ???????? = 10 ???????? = 100
0 .1 .2 .3 .4 .5 .6 .7 .8 .9 .95 .975 .99 1
2) 50 pt If mindfulness is being aware of things as they are, savoring is focusing on the most desired aspects, and flow is expressing oneself into the world, discuss a) how the balance of the three is changed when one’s favorite restaurant shutsdown, b) how the balance of the three is changed when one becomes physically impaired.
3) 50 pt. Discuss how the specialization of labor between construction worker, foremen and architect affects their specialization of consciousness. In particular, what are the impacts on how they look at the world, consider the future, and relate to the rest of the socio-economic system.
4) 100 pt A person wants to maximize their enjoyment of savoring their favorite meal. Assume their enjoyment function is
E = Sm*(a*So)B
Where, S = Space to eat = Sm + So a = tastiness factor Sm = Space taken up by the morsel of food So = Space open around food. B = savoring factor (increases with training to savor food) t = time trained to savor food B(t) = 1 + .25*t (for every hour of training B goes up by .25)
a) 35 pt Letting a = 10, and S = 1, Fill in their enjoyment of eating for the following table. B = 1 1.25 1.5 1.75
2 2.25 2.5
2.75 3 3.25 3.5 3.75 4
Sm t = 0 .1 .2 .3 .4 .5 .6 .7 .8 .9 1 Optimal Morsel Size
b) 5pt If S= 1, what does Sm and So represent? c) 5pt The person has income to spend on food or gourmand tr
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