This document outlines 3 tasks for a homework assignment: 1) Build a model of how a student allocates time on activities. 2) Model Tim Urban's description of procrastination in his Ted Talk by identifying decision makers, their goals, and scarce resources. 3) Brainstorm a question about MP1.
This document outlines 3 tasks for a homework assignment: 1) Build a model of how a student allocates time on activities. 2) Model Tim Urban's description of procrastination in his Ted Talk by identifying decision makers, their goals, and scarce resources. 3) Brainstorm a question about MP1.
This document outlines 3 tasks for a homework assignment: 1) Build a model of how a student allocates time on activities. 2) Model Tim Urban's description of procrastination in his Ted Talk by identifying decision makers, their goals, and scarce resources. 3) Brainstorm a question about MP1.
1. Build a model of how a typical student may allocate time spent on
activities.
2. Model how Tim Urban describes procrastination in this Ted Talk.
a. Start by identifying the important economic agents in the model (who
are making decisions) b. Next think about what each economic agent is trying to achieve (their goals) c. Think about what is the scarce resource they are deciding on. d. Do your best to organize this into one model (or framework).