When Alicia looses $100 reacts much stronger than when she finds a $100 bill. This is referred to as______________________. normal rational behavior shortage loss aversion
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When Alicia looses $100 reacts much stronger than when she finds a $100 bill. This is referred to as______________________.
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- both attachments are one questionSean is arguing with his girlfriend, Yvette. They have been going out for a little more than two years. YVETTE: I'm leaving you, Sean. Get over it. SEAN: Are you saying that being single will make you happier than you've been with me? Speaking personally, I think the utility we've had in this relationship was much more than you could have had if you'd been single this whole time! YVETTE: I had taken an economics class and the word "utility" rings a bell. It's not that at all. We've had a fine time. It's that the utility I would get by continuing our relationship isn't worth it anymore. SEAN: I've never been dumped by someone citing the law of before. You're a piece of work, you know that? Yvette doesn't hear. She has already walked off, leaving Sean feeling like something of a sunk cost.When a person buys a more fuel-efficient car or air conditioner, we often observe them using it more intensively. As a result of this behavioral response, the reduction in energy consumption is partially undone. Economists refer to this behavioral phenomenon as: Select one: a. Additionality. b. Leakage. c. The rebound effect. d. Slippage.
- Can you please elaborate on what incoterms are and why they're importantJustify the statement. Utility is a subjective concept. T/FConsider an agent who has to choose how many donuts to eat. He exhibits the choices C({1, 2}) = {1, 2} and C({1, 2, 3}) = {2, 3}. Can these choices be explained by : (i) maximization of a complete and transitive preference? (ii) satisficing? (iii) regret aversion? %3D
- Suppose a hot-dog vendor asks your advice for improving the sales. Based on the lecture videos, provide two behavioral suggestions. For each suggestion, explain the behavioral bias that the suggestion is based on. Explain each suggestion in detail and the reasons why it could increase the sales. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Consumers exercise self interest whenWhat is budget variance?