When you go to your favorite restaurant, you always choose the same dish. It doesn't matter the time of year, time of day, cost of the dish, or what new items are on the menu. This dish would be a(n) :
A) Intertemporal choice"
B) Absolute preference"
C) Relative preference"
D) Primary reward"
Correct Answer:
Verified
Q38: Rational choice theory assumes that a human
Q39: What tends to happen when humans are
Q40: What is a relative preference?
A)You always choose
Q41: You are asked whether you would prefer
Q42: What is an absolute preference?
A)Your choice may
Q44: What is the point of indifference?
A)The point
Q45: What does it mean to be risk
Q46: If given the opportunity to enter a
Q47: When do humans become risk seeking?
A)When the
Q48: Why are insurance companies so successful?
A)The odds
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