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Why is random assignment of participants to control and treatment groups a central feature of
lab, social and field experiments?
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- While randomized control trials are gold-standard, we don't use them in economics often to explore causal relationships. Why? Provide three reasons.Who detected the endowment effect first? Tell us about the design of the experiment and its main conclusions.The following matrix represents a possible outcome of a two-factor experiment: No Treatment Treatment Male 20 15 Overall M = 17.5 Female 25 10 Overall M = 17.5 Overall M = 22.5 Overall M = 12.5 Which of the following statements is TRUE: Group of answer choices There is a main effect of gender, a main effect of treatment, and a gender by treatment interaction There is a main effect of gender, no main effect of treatment, and an interaction There is a main effect of gender, a main effect of treatment, and no interaction There is a main effect of treatment, no main effect of gender, and an interaction
- A series of actions where the outcomes are always uncertain. Group of answer choices experiment outcome eventConsider the experiment of a toss of two coins. A: observes one head.B: observes two heads. Find P(A) and P(B). Group of answer choices P(A) = 0.1 and P(B) = 0.2 P(A) = 0.25 and P(B) = 0.25 P(A) = 0.5 and P(B) = 0.25 P(A) = 0.25 and P(B) = 0.5 P(A) = 0.5 and P(B) = 0.5A key assumption of the Tiebout model is that? a.Wealth is distributed inequitably. b.Individuals face high costs to relocate to a new community. c.Residents do not have information about the public goods provided at different communities. d.Individuals can move freely between a large number of communities.
- What issue does the "principal-agent" model address?a. public goods-the problem ofemployers abuseb. asymmetric information-the problem of adverse selectionc. externalities-the problem of network effects Odpublic goods-the problem of employees abusee. asymmetric information-the problem of incentive compatibilityWhich event best fits the description of a natural experiment? Group of answer choices O. A levee break floods a town while a similar town nearby is spared. O. People start leaving a state due to perceived excessive taxes and poor government. O. A town’s economy revives thanks to a new zoo and aquarium that draw tourists. O. Unusual winter storms cause all businesses in an entire area to shut down for two weeks. O. Years of drought gradually ruin the economy of a small nation.Following are the results of a study that used a case–control design. This study evaluated factors associated with admission to college. A total of 650 students were admitted to college (cases), and they were compared to 650 students who were not admitted to college (controls). The purpose of this study was to identify factors that are associated with the likelihood of being accepted into college. (8 questions) Results of a Hypothetical Study of Factors Related to Admission to College Factor Odds Ratio Female gender 1.4 Alcohol consumption 0.5 Sedentary life 1.0 Smoking 0.4 Illicit drug use 0.2 Regular sports practice 2.1 True or False regarding this case–control study. Being female was…
- (PLEASE HELP WITH 1, 2, AND 3. ) 1. Each individual outcome of an experiment is called Group of answer choices the sample space an experiment an individual a sample point 2. Any process that generates well-defined outcomes is Group of answer choices an experiment an event a sample point a sample space 3. The counting rule that is used for counting the number of experimental outcomes when n objects are selected from a set of N objects where order of selection is not important is called Group of answer choices combination multiple step experiment permutation None of these alternatives is correct.An experiment is conducted on which chocolate tastes better. Participants are given cups labeled Sample A and Sample B. Sample A is Hershey’s and Sample B is Cadbury. Only the researcher knows which is which. This is an example of: Select one: a. Single blind research b. Field study research c. Triple blind research d. Double blind researchWhat are the main models for analyzing quasi-experiment data? Please briefly describe the main ideas and differences between these models.