What are the two categories of cognitive biases identified by behavioral economists?
A. Unevolved capacity for solving modern problems and faulty heuristics.
B. Bad information and lack of impulse control.
C. Lack of intellect and mental disorders.
D. Inability to reason and inability to delay gratification.
Answer: A
Economics
You might also like to view...
You decide to spend Thanksgiving with your grandparents instead of going to Las Vegas with 20 of your closest friends. Losing the chance to be with your friends is the ________ cost of spending Thanksgiving with your grandparents
A) explicit B) implicit C) deferred D) accrued
Economics
An open market purchase by the Fed causes the value of the dollar to:
A. rise, increasing net exports. B. rise, reducing net exports. C. fall, increasing net exports. D. fall, reducing net exports.
Economics