For this question I want you to compare the average offers in periods 6-10, periods 11-15, periods 16-20 with the average offers made in the baseline treatment, periods 1-5. Briefly (i.e. in a few sentences) answer the following questions:  Compare periods 6-10 with the average offers for periods 1-5? Do the proposers offer relatively more or less to the responders in periods 6-10? If there is a difference, why do you think this occurs?  Compare periods 11-15 with the average offers for periods 1-5? Do the proposers offer relatively more or less to the responders in periods 11-15? If there is a difference, why do you think this occurs?  Compare periods 16-20 with the average offers for periods 1-5? Do the proposers offer relatively more or less to the responders in periods 16-20? If there is a difference, why do you think this occurs?  Based on all of your answers in the lab report, do you think that most people care about how much they earn relative to others when making decisions? Or do you think that most people tend to only focus on their own payoff when making decisions? Explain briefly

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To compare the average offers in different periods with the baseline treatment periods 15 and unders... View the full answer