Microsoft Word – Problem_set_ECOS3003_2016_v2.doc
gets his preferred project he gets $1. For all other projects he gets zero. Note also, that the probability that Poppy?s preferred project is also Aiden?s preferred project is ? (this is the degree of congruence is ?). It is also the case that ? if Aiden chooses his preferred project that it will also be the preferred project of Poppy. (Note, in this question, we assume that ? = ? from the standard model studied in class.)