Find the optimal solution to the choice game

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Reference no: EM131356519

Open Word and answer the following questions. Save the document and print it when you are done. If you did the Q&A problems and changed the parameters, set them back to the original values (2 and 0.4 for A and 8 and -0.4 for B).

1. With your observation included, copy and paste the chart titled Actual Trial Results in your Word document. Comment briefly on how you did.

2. What endgame correction could be implemented to increase the total number of choices? What is the true, exact maximum number of choices? Explain. Note: "In fact, the subjects showed no evidence of having been influenced by the endgame contingency." See Herrnstein and Prelec (1991), p. 142.

3. With columns Q:U in the Solution sheet, use Solver to find the optimal solution to the choice game. Notice how the choice variables have been constrained. How does Solver do? Explain.

4. Training someone to touch type does not guarantee continued touch typing in the workplace. How would melioration explain this result?

Reference no: EM131356519

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