6 Clustering

Unit 6: Thursday 4/3, Thursday 4/10, Tuesday 4/15, Thursday 4/17.

Assignments 1-4 are due Friday 4/18 at 5pm. At this time, answer keys are published on blackboard, so no late work is accepted for any reason.

Extra Credit Project

Use ChatGPT to develop a clicker game like universal paperclips to teach Principles of Microeconomics concepts.

  • HTML example teaching marginal benefit/marginal cost: Dwarf Bar Clicker. My ChatGPT prompt: Create an html clicker game called “Dwarf at the Bar” where a dwarf is sitting at a bar and ordering mugs of mead. They have $500 in their wallet. A mug of mead is a random price in (3, 4, 4, 5, 5, 6, 6, 6, 7, 7, 7, 7, 8, 8, 8, 8, 9, 9, 10, 10, 11, 11, 12), updating every 2 seconds. Satiation increases by 5 each mug of beer. Have a timer counting down from 1 minute. The game ends at the end of 1 minute, and your final score is your total satiation plus the money left in your wallet. At the end of the game, say what your score is. Add a “restart game” button after the game has ended.
  • Another example: Dwarf House Repairs

Ideas:

  • Consumer Theory
    • Job matching game with job offers and search costs
    • Work/Leisure tradeoff (get promoted from Pickaxe Apprentice to Miner to Gem Cutter to Shift Foreman to Mine Captain to Mine Lord)
  • Producer Theory: Mine Lord
    • Input ratios/cost minimization
    • Profit maximization (MB = MC)
    • Economies of scale
    • Market power
    • Monopoly pricing
    • Cartels
    • Oligopolies: cournot competition
    • Price discrimination
  • Mayor of the township: maintain a high approval rating and balance the budget
    • Taxes and Elasticity (Laffer curve)
    • Subsidies
    • Public goods
    • Tragedy of the commons
    • Resource depletion
    • Price controls
    • Negative externalities
  • Lord of the Land: deliver on campaign promises, increase the GDP per capita
    • Healthcare and education
    • Lower pollution
    • Tariffs and trade agreements
    • Immigration
    • Patents
    • Natural disasters
    • Inequality and redistribution

You will present your work with your group on the last day of class: May 1.

Assignment Date Template
6.1 Principal Components Regression 4/3 qmd
6.2 Data Visualization with Principal Component Analysis 4/10 qmd
6.3 K-Means Clustering 4/15 qmd
6.4 Hierarchical Clustering 4/17 qmd