Examlex
A slot machine at a casino pays out an average of $0.93,with a standard deviation of $120.It costs a dollar to play.If a person plays 10 times,what are the mean and standard deviation of the casino's profit?
Behavioral Economists
Researchers who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Dictator Game
An experimental game in economics and psychology where one player, the "dictator," determines how to split an endowment between themselves and another player.
Ultimatum Game
A game in economic experiments where one party offers how to divide a sum of money with another party, who can accept or reject the offer.
Dictator Game
A psychological experiment that tests how fairly individuals allocate resources between themselves and others, typically revealing aspects of altruism and fairness.
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