In business, do nice guys finish first or last? Refer to the Nature (March 20, 2008) study
Question:
In business, do nice guys finish first or last? Refer to the Nature (March 20, 2008) study of whether the saying “nice guys finish last” applies to business, Exercise 11.18 (p. 639). Recall that college students repeatedly played a version of the game “prisoner’s dilemma,” where competitors choose cooperation, defection, or costly punishment. At the conclusion of the games, the researchers recorded the average payoff and the number of times punishment was used by each player. The data in the table on the next page are representative of the data obtained in the study. The researchers concluded that “punishers tend to have lower payoffs.” Do you agree? Use Spearman’s rank correlation statistic to support your conclusion.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9781292413396
14th Global Edition
Authors: James McClave, P. Benson, Terry Sincich