Econ: Unit 1, Chapters 3&4

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Across
  1. 2. expected value BELOW zero
  2. 3. a fixed amount of money on an annual basis for forever
  3. 8. When sellers know something buyers don’t (or vice-versa)
  4. 9. the money you start with
  5. 12. what a bank charges you to borrow money or pays you to save money
  6. 13. a situation in which asymmetric information causes problems with trade
  7. 14. the accumulation of interest over more than one year
  8. 15. theorem that repeating a bet a large number of times has outcomes closer to the expected value
Down
  1. 1. a fixed amount of money on an annual basis for a certain amount of years
  2. 4. a general increase in prices over time
  3. 5. how far an outcome is from the expected value
  4. 6. expected value of ZERO
  5. 7. the money you gain (or lose)
  6. 10. average outcome of a risky situation
  7. 11. the money you need to put in the bank today for future payments