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Why Do Monetary Interactions Between Governments Sometimes Resemble a Prisoner's

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Why do monetary interactions between governments sometimes resemble a Prisoner's Dilemma?


Definitions:

Sampling Distribution

The probability distribution of a given random-sample-based statistic.

Histograms

Graphical displays of data that use bars of varying heights to show the frequency distribution of a dataset.

Unbiased

A characteristic of an estimator or a process where the expectation is equal to the true parameter value being estimated, without systematic error.

Statistic

A single measure, calculated from sample data, that is used to summarize or describe aspects of the data.

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