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http://www.tvhe.co.nz/2011/11/04/more-mankiw/ The Visible Hand in Economics Sun, 06 Nov 2011 06:01:13 +0000 hourly 1 https://wordpress.org/?v=6.9.4 http://www.tvhe.co.nz/2011/11/04/more-mankiw/#comment-35161 Sun, 06 Nov 2011 06:01:13 +0000 http://www.tvhe.co.nz/?p=6445#comment-35161 Cheeky indeed…
You have 4 possible solutions, choosing randomly one would give you a 25% chance to be correct. But 25% appears two times as an answer, therefore, choosing randomly you have 2 possibilities of choosing the correct answer on 4 possible solutions, i.e. a 50% chance.
But 50% being the correct solution, brings you back to the fact that one only is the correct out of 4…and you are back to 25%…….but….2dog is right…there is no way out the loop, being a paradox.

]]> http://www.tvhe.co.nz/2011/11/04/more-mankiw/#comment-35127 Sat, 05 Nov 2011 04:10:13 +0000 http://www.tvhe.co.nz/?p=6445#comment-35127 The answers to the blackboard question are better given as:
a) 25%
b) 50%
c) This question is paradoxical and no definitive answer can be given.
d) 25%
 
That way, there is no way out of the loop.
 

]]> http://www.tvhe.co.nz/2011/11/04/more-mankiw/#comment-35087 Fri, 04 Nov 2011 03:26:54 +0000 http://www.tvhe.co.nz/?p=6445#comment-35087 Cheeky buggers!

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