To Decide What Is Meant by Enlightened Self-Interest, Behavioral Economists

question 67

Multiple Choice

To decide what is meant by enlightened self-interest, behavioral economists will:

• A) make their models more mathematically rigorous.
• B) use the ceteris paribus assumption repeatedly.
• C) use laboratory and field experiments.
• D) base their models on induction.

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Definitions:

Malaria

A disease caused by a plasmodium parasite, transmitted by the bite of infected mosquitoes.

Dewpoint

The temperature at which air must be cooled, at constant pressure and water vapor content, for it to reach saturation and produce dew.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Least-square Regression

Rephrasing of KT-14; Refers to the method used to find the line that minimizes the sum of the squares of the differences between observed and predicted values.