Behavioral economists view the standard economic theory of decisions involving time as being too restrictive because people have:
A) lapses in self-control.
B) perfect foresight.
C) a tendency to ignore sunk costs.
D) lapses in self-control and a tendency to ignore sunk costs.
Correct Answer:
Verified
Q23: A person who is,all else equal,more willing
Q24: A person is dynamically consistent if:
A) his
Q25: Projection bias:
A) is the tendency to evaluate
Q26: Gabby flips a fair coin and it
Q27: A person is dynamically inconsistent if:
A) lapses
Q29: Gabby flips a fair coin and it
Q30: Pre-commitment is:
A) a solution for dynamic inconsistency.
B)
Q31: The hot-hand fallacy:
A) is the belief that
Q32: A dieter who prefers to eat small
Q33: Lily wants to invest in the stock
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