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<h2 class="hd hd-2 unit-title">Fundamental Challenges of Finance</h2>
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<h3 class="hd hd-2">Fundamental Challenges of Finance </h3>
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<h2 class="hd hd-2 unit-title">Exercise: Investments in the Pharma Industry</h2>
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Exercise: Investments in the Pharma Industry
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<legend id="13463b3ae07040f485206299227fca5f_2_1-legend" class="response-fieldset-legend field-group-hd">Which of the following does NOT characterize a typical investment in the Biopharma industry?</legend>
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<h2 class="hd hd-2 unit-title">What is an Asset?</h2>
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<h2 class="hd hd-2 unit-title">Exercise: What is an Asset?</h2>
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Exercise: What is an Asset?
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<h2 class="hd hd-2 unit-title">The Wisdom of Crowds</h2>
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<h2 class="hd hd-2 unit-title">Exercise: The Wisdom of Crowds</h2>
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Exercise: The Wisdom of Crowds
</h3>
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<div class="wrapper-problem-response" tabindex="-1" aria-label="Question 1" role="group"><p>Consider the jelly beans example described in the previous video. Suppose we present a jar of jelly beans to a crowd of 1,000 participants (selected at random from a large city) and we ask them to guess the number of jelly beans in the jar. </p>
<p>Select all cases in which the crowd considered in the experiment can be safely viewed as "wise" in the context of this course. Check all that apply.</p>
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<input type="checkbox" name="input_c8dff16ac6124485a2269118a39f942b_2_1[]" id="input_c8dff16ac6124485a2269118a39f942b_2_1_choice_2" class="field-input input-checkbox" value="choice_2"/><label id="c8dff16ac6124485a2269118a39f942b_2_1-choice_2-label" for="input_c8dff16ac6124485a2269118a39f942b_2_1_choice_2" class="response-label field-label label-inline" aria-describedby="status_c8dff16ac6124485a2269118a39f942b_2_1"> Participants are grouped into random teams of 10 individuals. Participants in the same team are allowed to share their guesses, but participants in different teams are not allowed to communicate.
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<input type="checkbox" name="input_c8dff16ac6124485a2269118a39f942b_2_1[]" id="input_c8dff16ac6124485a2269118a39f942b_2_1_choice_3" class="field-input input-checkbox" value="choice_3"/><label id="c8dff16ac6124485a2269118a39f942b_2_1-choice_3-label" for="input_c8dff16ac6124485a2269118a39f942b_2_1_choice_3" class="response-label field-label label-inline" aria-describedby="status_c8dff16ac6124485a2269118a39f942b_2_1"> Participants first decide who is the wisest person among them, and all participants copy his/her answer.
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<h2 class="hd hd-2 unit-title">Class Poll: Gift Bag Auction</h2>
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<h2 class="hd hd-2 unit-title">The Madness of Mobs</h2>
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