Research on Overcoming Our Cognitive Biases Shows That People Tend

question 142

True/False

Research on overcoming our cognitive biases shows that people tend to be equally irrational in all
situations.

---

Definitions:

Budget Deficit

The situation in which a government's expenditures exceed its revenue, resulting in the need to borrow money or increase taxes.

Loanable Funds

Describes the market where savers supply funds for loans to borrowers, influencing interest rates and investment.

Government Budget Deficit

A government budget deficit occurs when a government spends more money than it receives in revenue over a given period.

Foreign-Currency Exchange

The trading of currencies from different countries against each other.