Which of the Following Individuals Would Be Most Likely to Offer

question 13

Multiple Choice

Which of the following individuals would be most likely to offer help in an emergency situation?

• A) Someone who is shy, and concerned about social approval
• B) Someone who is traditional, and is walking down a busy street
• C) Someone who is extraverted, and has first-aid training
• D) Someone who is male, and in a hurry

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Definitions:

Ultimatum Games

Represent a scenario in economic experiments where one participant proposes a division of resources, and the other can accept or reject the offer, which, if rejected, leaves both with nothing.

Heuristics

The brain’s low-energy mental shortcuts for making decisions. They are “fast and frugal” and work well in most situations but in other situations result in systematic errors.

Behavioral Economics

An area of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.

Neoclassical Economics

An approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.