Which of the Following Barriers to Rational Choices Are Studied

question 105

Multiple Choice

Which of the following barriers to rational choices are studied by behavioural economics?

• A)bounded rationality
• B)bounded willpower
• C)bounded self-interest
• D)the endowment effect
• E)all of the above

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Definitions:

Patronage Model

A crowdfunding model where backers do not expect any direct return for their donation or investment.

Crowdfunders

Individuals or groups who fund projects or ventures through small contributions from a large number of people, typically via the internet.

Financial Support

Monetary assistance provided to individuals, organizations, or countries, often aimed at promoting economic development or providing relief during hardships.

Kickstarter

A crowdfunding platform where creators present projects to the public to raise capital from a wide audience of backers.