A Behavioural Economist Will Explain Tom's Donation to Charity by Saying

question 8

Multiple Choice

A behavioural economist will explain Tom's donation to charity by saying that Tom is displaying

• A)the endowment effect.
• B)bounded rationality.
• C)bounded self-interest.
• D)bounded willpower.
• E)the neuro effect.

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Definitions:

Ethical

Pertaining to or dealing with morals, the principles of morality pertaining to right and wrong conduct.

Older People

This term relates to individuals who are in the later stage of their life, typically regarded as being from the retirement age onwards.

Young People

Refers to individuals in their late childhood to early adulthood, often considered in terms of their potential for growth, learning, and engagement with society.

Marginally

To a minimal extent; slightly or barely meeting a requirement or standard.