In Homer's Odyssey, Odysseus instructs his crew members to tie him to the mast of the ship so that he is not later tempted by the Siren's song. Which of the following irrational behaviors was he trying to avoid?
a. People are overconfident
b. People behave in a time inconsistent manner.
c. People give too much weight to a small number of vivid observations.
d. People are reluctant to change their minds.
b
Economics
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Banks prefer __________ hold excess reserves because __________
A) not to; excess reserves earn no interest B) not to; banks are not required to hold them C) to; excess reserves earn interest D) to; banks need them to prevent runs
Economics
Social, as distinct from industrial, regulation is the major focus of the:
A. Federal Trade Commission. B. Federal Energy Regulatory Commission. C. Federal Communications Commission. D. Consumer Product Safety Commission.
Economics