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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 11
Toni and Kala are new coworkers. They make a plan to go out together every Thursday night. On their first Thursday night out, Toni buys a pitcher of beer and shares it with Kala. Kala is excited to discover that her Thursday night outings will include free beer as well as a way to have fun with her new coworker. Explain why Kala is likely to be disappointed.
Explanation
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Tit-for-tat strategy:
Tit-for-tat strat...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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