Purdue UniversityDepartment of EconomicsSpring 2016Professor Tim CasonEconomics 585Behavioral EconomicsLab Report #5Due Sunday, February 21, 20161. In the first 5 rounds of the lab, you were randomly assigned into n=2 person groups. Youincurred lobbying costs that affected the probability that you would win a prize of$64,000. Each unit of lobbying effort cost $1000. If both people […]
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