INSTRUCTIONS for Questions 94-98: Match Each of the Descriptions Below

question 63

Multiple Choice

INSTRUCTIONS for questions 94-98: Match each of the descriptions below with the term it best describes:
-You say you're late because your partner is never ready on time; your partner says she takes her time getting ready because you're always late.

• A)punctuation
• B)interpretation
• C)empathy
• D)attribution error
• E)androgynous behavior

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Definitions:

Neoclassical Assumption

Underlying principles of neoclassical economics that include rationality, individuals maximizing utility, firms maximizing profits, and markets tending toward equilibrium.

Rational Behavior

Human behavior based on comparison of marginal costs and marginal benefits; behavior designed to maximize total utility. See rational.

Cognitive Biases

Systematic patterns of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Behavioral Economists

Experts in a field of economics that combines insights from psychology to understand how people make economic decisions.