The Following Values Have Been Calculated Using the T DIST

question 41

Short Answer

The following values have been calculated using the T DIST and T INV functions in Excel^®. These values come from a t- distribution with 15 degrees of freedom.
These values represent the probability to the right of the given positive values. These values represent the positive t- value for a given probability in both tails (sum of both tails).
-What is the probability of a t-value larger than 1.20?

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Definitions:

Dictator Game

Rephrased: An experiment in behavioral economics where an individual (termed the "dictator") decides the allocation of a certain resource or amount of money between themselves and a second participant, without any enforceable consequences.

Ultimatum Game

A game in experimental economics where a proposer is given a sum of money to split with a responder; if the responder rejects the offer, both players get nothing, highlighting negotiation and fairness perceptions.

Invisible Hand

A metaphor introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest inadvertently benefits society at large.

Neoclassical Economists

Economists dedicated to analyzing how goods, outputs, and distribution of income in markets are dictated by supply and demand forces.