Examlex
TV News Viewing Habits A statistician employed by a television rating service wanted to determine if there were differences in television viewing habits among three different cities in New York. She took a random sample of five adults in each of the cities and asked each to report the number of hours spent watching television in the previous week. The results are shown below. (Assume normal distributions with equal variances.) {TV News Viewing Habits Narrative} Can she infer at the 5% significance level that differences in hours of television watching exist among the three cities?
Rational Decisions
Decisions that are made based on logical reasoning from available information, aiming to maximize the outcome or benefit.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.
Dictator Game
A mutually anonymous behavioral economics game in which one person (“the dictator”) unilaterally determines how to split an amount of money with the second player.
Ultimatum Game
A behavioral economics game in which a mutually anonymous pair of players interact to determine how an amount of money is to be split. The first player suggests a division. The second player either accepts that proposal (in which case the split is made accordingly) or rejects it (in which case neither player gets anything).
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