In 2007, Steven Levitt and John List published a paper called What Do Laboratory Experiments Measuring Social Preferences Reveal about the Real World?

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a. According to their paper, why and how might peoples behaviour in real life vary from what has been observed in laboratory experiments?

Reference Steven D. Levitt, and John A. List. 2007. What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World? Journal of Economic Perspectives 21 (2): pp. 153174.

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