You estimated that your fellow students were collectively


For your senior thesis, you polled your classmates, asking them, "How much would you be willing to pay to double the amount of parking on campus?"

Based on their responses, you estimated that your fellow students were collectively willing to pay $12 million to double the amount of oncampus parking. What are some problems with this type of analysis?

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Financial Econometrics: You estimated that your fellow students were collectively
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