Economic of Information and Uncertainty

Please answer either Question 1 (all parts a-c) or Question 2 (all parts a-c).
Submit your assignment in .pdf format, through Canvas.
Your answer should not exceed 2500 words in total. The word count does not include your
reference list.
All papers mentioned in the questions are uploaded on the relevant topic pages in Canvas.
Wider reading and referencing other literature is strongly encouraged.
Please type your answer. You should produce your own equations, tables and diagrams where relevant, either by hand (and uploaded/scanned) or digitally. Figures copied directly from the slides or online sources will receive lower marks. The exception is plots of data taken from
published articles, which can be included directly as long as they are appropriately referenced.
Refer to the marking criteria for further guidance and write to me no later than midday