5. Changes in incentives Suppose that a large influx of electric scooter rentals in a crowded downtown area results in a lot of new riders on the streets. For their safety, the mayor of the city decides to enact a law requiring helmets when renting scooters. These new helmets reportedly decrease the probability of injury by 29% in the event of a scooter crash. While the new helmets recklessly, which could the probability of injury resulting from a scooter accident, they also incentivize individuals to ride the number of scooter collisions and therefore injuries to renters.
5. Changes in incentives Suppose that a large influx of electric scooter rentals in a crowded downtown area results in a lot of new riders on the streets. For their safety, the mayor of the city decides to enact a law requiring helmets when renting scooters. These new helmets reportedly decrease the probability of injury by 29% in the event of a scooter crash. While the new helmets recklessly, which could the probability of injury resulting from a scooter accident, they also incentivize individuals to ride the number of scooter collisions and therefore injuries to renters.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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Transcribed Image Text:5. Changes in incentives
Suppose that a large influx of electric scooter rentals in a crowded downtown area results in a lot of new riders on the streets. For their safety, the
mayor of the city decides to enact a law requiring helmets when renting scooters. These new helmets reportedly decrease the probability of injury by
29% in the event of a scooter crash.
While the new helmets
recklessly, which could
the probability of injury resulting from a scooter accident, they also incentivize individuals to ride
the number of scooter collisions and therefore injuries to renters.
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