Imagine the Existence of Prediction Markets for Grades in Ray's

question 107

Multiple Choice

Imagine the existence of prediction markets for grades in Ray's economics class. The weekend before a test, Ray observes a classmate at a party who has had too much to drink. He does not think that she will recover enough to study for the test on Monday. None of Ray's other classmates observes this. How could Ray profit from this information?

• A) bet on himself to do well on the exam
• B) bet on himself to do poorly on the exam
• C) bet on his classmate to do well on the exam
• D) bet on his classmate to do poorly on the exam

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Definitions:

Cholecystokinin

Hormone liberated by the upper intestinal mucosa on contact with gastric contents; stimulates the contraction of the gallbladder and the secretion of pancreatic juice high in digestive enzymes.

Pancreatic Bicarbonate

A bicarbonate ion produced by the pancreas that neutralizes stomach acid as it enters the small intestine.

Secretin

Hormone formed by the epithelial cells of the duodenum; stimulates secretion of pancreatic juice high in bicarbonate ions.

Bile Production

The process of creating bile, a digestive fluid, by the liver and its storage in the gallbladder.