« previous next »

Author Question: What is the behavioral economics approach? A) The approach that represents behavior demonstrated ... (Read 105 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: Jul 7, 2018
What is the behavioral economics approach?
 
  A) The approach that represents behavior demonstrated when people decide economic problems
  B) The approach that investigates why people predictably make irrational decisions
  C) The approach that was named after the Nobel prize winning economic developers
  D) The approach that measures behaviors economically and attempts to account for the way people actually make decisions

Question 2

What is the hindsight bias?
 
  A) Changing viewpoints based on new information but not admitting the change
  B) Changing viewpoints based on new information
  C) The ability to objectively assess what they should or would have done after the fact (also known as Monday morning quarterbacking)
  D) Only occurs in situations that end in less than optimal outcomes


macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 7, 2018
Answer to Question 1

You are a life saver.

Answer to Question 2

A
Explanation: A) The hindsight bias is a lie (to ourselves or others) that we held the position originally when we changed to the correct answer/viewpoint/decision after learning new information or learning the outcome.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Bartel and Szostak demonstrated chemical selection for RNA molecules that can catalyze phosphoester Bartel and Szostak demonstrated chemical selection for RNA molecules that can catalyze phosphoester
Neural Circuits and Maternal Behavior Neural Circuits and Maternal Behavior
Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats
My Health: An Outcomes Approach Plus MasteringHealth My Health: An Outcomes Approach Plus MasteringHealth
Clinical Laboratory Microbiology: A Practical Approach Clinical Laboratory Microbiology: A Practical Approach
Studying the genetic roots of mating and bonding behavior Studying the genetic roots of mating and bonding behavior
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library