An Economist Looks at Data That Suggests That People Are

question 27

Multiple Choice

An economist looks at data that suggests that people are making decisions that are based on rules of thumb. She concludes that people tend to make decisions that are based on habit and not on the economic decision rule. She is most likely a(n) :

• A) traditional economist.
• B) behavioral economist.
• C) irrational economist.
• D) engineering economist.

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Definitions:

Reinforcements

In behavioral psychology, stimuli which increase the likelihood of a behavior being repeated, can be positive or negative.

Existential Therapies

A group of psychotherapies emphasizing autonomy, freedom, and the search for meaning, focusing on the human condition as a whole.

Psychotherapy Practice

The professional application of psychological methods, particularly when based on regular personal interaction, to help a person change behavior and overcome problems in desired ways.

Technological Revolution

A period of rapid technological development and innovation that significantly transforms economies, societies, and culture.