For Any Continuous Random Variable X, P(x = 5) =

question 154

True/False

For any continuous random variable x, P(x = 5) = 1 is always true.

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Definitions:

Ultimatum Game

A game in experimental economics where one participant proposes a division of a sum of money, and the other can accept or reject the proposal, with rejection meaning neither receives anything.

Behavioral Economists

Investigators who look into how psychological, cognitive, emotional, cultural, and social variables play a role in the economic decisions of individuals and organizations.

Ultimatum Game

A game in economic experiments where one player proposes a division of a sum of money and the second player can accept or reject the proposal. If rejected, both players receive nothing.

Behavioral Economics

A field of study that examines the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.