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Behavioural Economics [4 marks] Please answer each of the following questions about behavioural experiments. a. Explain why random assignment of subjects to treatment vs. control

Behavioural Economics

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[4 marks] Please answer each of the following questions about behavioural experiments. a. Explain why random assignment of subjects to treatment vs. control is crucial in an experiment. Please answer in at most two sentences. [2 marks] b. Explain the difference between the internal and the external validity of an experiment. Please answer in at most two sentences. [2 marks]

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