Author Question: Behavioral game theory assumes A) people act rationally. B) people are subject to biases that ... (Read 81 times)

yoooooman · **on:** Jul 1, 2018

Behavioral game theory assumes

A) people act rationally.
B) people are subject to biases that cause them to act irrationally.
C) that people behave differently when playing games than when playing for real.
D) people optimize using all available information.

Question 2

In the estimation of demand, the identification problem refers to

A) the problem of selecting the proper level of significance.
B) the problem of deciding whether to use time series or cross-sectional data.
C) the problem of separating out the effects of price on the quantity demanded when supply cannot be held constant.
D) the problem of having insufficient variation in prices.