Play the game Investment (All or Nothing) on Moblab. Once you have played the game, address the

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Question:

Play the game Investment (All or Nothing) on Moblab. Once you have played the game, address the following questions:

1) How did you do in the game?

2) Did you use a different strategy the second time you played the game? If so, how did it differ? If not, why not?

3) The second version of the game represents the effects of patent protections on investment. Given the likelihood that most firms that invest in research and development can expect to lose money, how would you expect this to affect the overall level of investment in the macroeconomy? Why do firms participate in investments that have these types of outcomes?