List construction and lottery presentation modulate multiple price list responses Sameh Habib1 , Daniel Friedman2 , Sean Crockett2 and Duncan James3...

Read the attached paper below, then answer the following question(in an essay format):

Make sure to cover every part of the questions:

1. Explain using the experimental economics concepts explaining what drives the switching decision in Table 1. Imagine that you are explaining this table to your friend that is currently taking Intermediate Micro.
2. Explain in detail how the authors construct (from the subjects' decisions) Table 2, 3 and 4. Also, write down the regressions the authors run to obtain those results