The Assumption That Consumers Have Clear Preferences Is

question 46

Multiple Choice

The assumption that consumers have clear preferences is:

• A) a main axiom of behavioral economics.
• B) an assumption that behavioral economics calls into question.
• C) a logical conclusion of observed behavior.
• D) a basic assumption of basic economic theory that carries over to behavioral economics.

---

Definitions:

Mammogram

An X-ray image of the breast used to detect and diagnose breast cancer.

Multiple Logistic Regression

A statistical method used to model the relationship between a dichotomous dependent variable and two or more independent variables.

Recent Mammogram

A recent x-ray examination of the breast used to detect and diagnose breast disease.

Odds

A statistical term representing the likelihood that an event will occur, expressed as the ratio of the event's probability to its non-occurrence.