Examlex
If you are "shaping" a child to pick up all his toys, what would you need to do each time the child does a better job of picking up his toys than he did previously?
Neoclassical Economics
Neoclassical economics is a school of thought that emphasizes rationality, market equilibrium, and the efficiency of markets in allocating resources.
Rational
Behaviors and decisions that maximize a person’s chances of achieving his or her goals.
Behavioral Economists
Economists focusing on how psychological, social, cognitive, and emotional factors influence the economic choices made by individuals and institutions.
Systematic Errors
Errors that consistently occur in the same direction and are caused by faults in the measurement system, not randomness.
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