Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. Students were recruited to proofread three essays (allegedly written by nonnative speakers] within a 21day period. The students were randomized into three groups of

image text in transcribed
8. Students were recruited to proofread three essays (allegedly written by nonnative speakers] within a 21day period. The students were randomized into three groups of participants. Students in the rst, \"'enddeadline,'1 group just had to turn in the three essays by the end of the 21 days. Students in the second, \"owndeadline,\" group could select any deadline within the 21 days for each of the essays {including choosing the last day for all three essays}- And students in the third, \"evenlyspaceddeadline,\" group had to turn in the rst essay within 7 days, the second essay within 14 days, and the third essay within 21 days. Students were paid 11] cents per correctly spotted mistake, and were penalized $1 per day for turning in a corrected essay past the deadline, independently of whether that deadline was set by themselves or imposed by the researchers. Turning in an essay earlier than the relevant deadline carried no rewards. {a} A vast majority of students in the ovaldeadline group set at least one of their deadlines to be before the nal possible date. Argue briey but carefully that dynamically consistent people would never do this

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics and Its Application

Authors: walter nicholson, christopher snyder

11th edition

9781111784300, 324599102, 1111784302, 978-0324599107

More Books

Students also viewed these Economics questions