In Choosing Among Alternative Models, Economists Generally Have the Strongest

question 61

Multiple Choice

In choosing among alternative models, economists generally have the strongest preference for models that

• A)have assumptions that are complicated.
• B)are detailed and complex, with every available fact and figure included.
• C)have assumptions that are close to exact replicas of reality.
• D)have few assumptions and are as simple as possible, even if they cannot predict very well.
• E)predict better than any other that is available.

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Definitions:

Humanistic

A psychological approach that emphasizes individual potential for growth and the importance of human values, freedom, and self-actualization.

Structuralistic

An approach in psychology that analyzes mental structures by breaking down experiences into their smallest definable parts.

Gestalt Psychology

A psychological approach that emphasizes holistic processing and argues that the whole is more than the sum of its parts.

Wertheimer

A psychologist known for founding Gestalt psychology, emphasizing the holistic and intrinsic patterns of perception and problem-solving.