One of the following findings of the behavioral economics is widely adopted by the policy makers across the world Humans place greater welfare weights on A avoiding loss than experiencing equivalent gain. People prefer to cut economic loss more than their social loss. Policies aimed at enhancing people's gains C have been found to be more effective than the policies aimed at minimising people's losses Mankind behaves rationally irrespective of D their socio-psychological situations.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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One of the following findings of the behavioral
economics is widely adopted by the policy makers
across the world
Humans place greater welfare weights on
A avoiding loss than experiencing equivalent
gain.
People prefer to cut economic loss more than
their social loss.
Policies aimed at enhancing people's gains
C have been found to be more effective than the
policies aimed at minimising people's losses
Mankind behaves rationally irrespective of
D
their socio-psychological situations.
Transcribed Image Text:One of the following findings of the behavioral economics is widely adopted by the policy makers across the world Humans place greater welfare weights on A avoiding loss than experiencing equivalent gain. People prefer to cut economic loss more than their social loss. Policies aimed at enhancing people's gains C have been found to be more effective than the policies aimed at minimising people's losses Mankind behaves rationally irrespective of D their socio-psychological situations.
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