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Author Question: A model of choice in economics starts by assuming that: a. people try to minimize their losses. b. ... (Read 92 times)

armygirl

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on: Jun 30, 2018
A model of choice in economics starts by assuming that:
 a. people try to minimize their losses.
  b. people try to maximize their consumption.
  c. people try to minimize their costs.
  d. people try to maximize their utility.

Question 2

In effect, people feel that driving is safer than flying and also prefer to do so because of _____.
 a. anchoring
  b. overconfidence
  c. status quo
  d. loss aversion
  e. familiarity


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popopong

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

b


armygirl

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Reply #2 on: Jun 30, 2018
Correct answers!


popopong

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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