Evidence that people do not always make choices that reflect sensible preferences include
A) Choice reversals
B) Conformance to the principle of revealed preference
C) Conformance to the Ranking Principle
D) All of these
Correct Answer:
Verified
Q1: Disadvantages of experiments include
A) Decisions made in
Q2: Anchoring occurs when
A) Someone's choices are linked
Q3: The default effect
A) Refers to the observation
Q5: Disadvantages of experiments include
A) Decisions made in
Q6: Suppose you conduct a study in which
Q7: Motivations for behavioral economics include
A) People sometimes
Q8: Behavioral economists
A) Rely primarily on data drawn
Q9: Advantages of experiments include
A) It is easier
Q10: Identified departures from perfect rationality include
A) Incoherent
Q11: A person is dynamically consistent if
A) Lapses
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