What Insight into Human Behavior Do Economist Learn from Observing

question 157

Short Answer

What insight into human behavior do economist learn from observing people playing the ultimatum game?

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Definitions:

Pearson Correlation

A measure of the linear relationship between two continuous variables, ranging from -1 to 1, where 1 means a perfect positive correlation.

Pearson Correlation

Another name for Pearson r, indicating the degree of linear relationship between two variables.

Null Hypothesis

A statement or hypothesis that suggests there is no statistical significance between the specified sets of observations.

Sample Size

The number of observations or replicates included in a statistical sample.