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Author Question: What is meant by a preference reversal? What will be an ideal ... (Read 8 times)

strangeaffliction

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on: Jun 29, 2018
What is meant by a preference reversal?
 
  What will be an ideal response?

Question 2

What is the Doha Development Agenda?
 
  What will be an ideal response?


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quynhmickitran

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Preference reversals arise from the discount weights that people put on the future. These discount weights imply that today gets much more weight than tomorrow, but tomorrow and the day after tomorrow receive the same (or nearly the same) weight.

Answer to Question 2

Doha Development Agenda is an initiative of the World Trade Organization focused on issues of trade and development.


strangeaffliction

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Reply 2 on: Jun 29, 2018
Excellent

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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