In Behavioral Economics, We Assert That: People Sometimes Do Things

question 98

Multiple Choice

In behavioral economics, we assert that: people sometimes do things because they think it is the fair thing to do,

• A) even if there is no financial or other material benefit.
• B) but actions based on fairness must also be backed by real financial gains or other material or tangible benefit.
• C) sometimes expecting nothing in return, but most often expecting real gains also.
• D) but only if the net gains exceed the net losses.

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Definitions:

Crowdfunding

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors, often facilitated through online platforms.

Digital Divide

The gap between demographics and regions that have access to modern information and communications technology, and those that don't or have restricted access.

Crisis-Mapping Tools

Applications and software that use geographic data and crowdsourcing to monitor and visually represent crises in real-time.

Sensory Data

Information collected from the senses or sensors, which can encompass a wide range of data including visual, auditory, touch, smell, and taste inputs.