The Hardest Interview 2 -

[ \hatR = R_n-2 + \epsilon,\quad \epsilon \sim \mathcalN(0, \sigma^2),\ \sigma=0.03 ]

They compute expected marginal utility of an additional child: the hardest interview 2

If (\lambda = 0.1), threshold (p=0.2). If estimated (p < 0.2), they stop early. Families observe historical stops and national ratio changes. Using Bayesian learning, after several days they form a posterior on (\lambda). This influences future stopping. [ \hatR = R_n-2 + \epsilon,\quad \epsilon \sim

The fixed point (R^ ) satisfies (p(R^ ) = 0.5) → (R^* = 1). So long-term ratio tends to 1 even with feedback. Families compute (\Delta U) using their noisy (\hatR). For a family with ((b,g)): [ \hatR = R_n-2 + \epsilon

[ p_n = \frac11 + e^-k \cdot (R_n-1 - 1) ]

[ U = \frac\text# boys\text# girls - \lambda \cdot \text(total births) ]

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A google user

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August 7, 2023
Looks good and is very realistic. I really recommend it to anyone who's into management games!

[ \hatR = R_n-2 + \epsilon,\quad \epsilon \sim \mathcalN(0, \sigma^2),\ \sigma=0.03 ]

They compute expected marginal utility of an additional child:

If (\lambda = 0.1), threshold (p=0.2). If estimated (p < 0.2), they stop early. Families observe historical stops and national ratio changes. Using Bayesian learning, after several days they form a posterior on (\lambda). This influences future stopping.

The fixed point (R^ ) satisfies (p(R^ ) = 0.5) → (R^* = 1). So long-term ratio tends to 1 even with feedback. Families compute (\Delta U) using their noisy (\hatR). For a family with ((b,g)):

[ p_n = \frac11 + e^-k \cdot (R_n-1 - 1) ]

[ U = \frac\text# boys\text# girls - \lambda \cdot \text(total births) ]