The ______ View of Concepts Argues That a Person Uses

question 90

Multiple Choice

The ______ view of concepts argues that a person uses his/her theories about the way the world works to justify the classification of instances in the same category.

• A)knowledge-based
• B)prototype
• C)exemplar
• D)schema

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Definitions:

Behavioral Economists

Researchers dedicated to understanding how psychological, cognitive, emotional, cultural, and social influences shape the economic choices made by individuals and institutions.

Evenly Split

A division or distribution of something into equal or nearly equal parts.

Invisible Hand

The tendency of competition to cause individuals and firms to unintentionally but quite effectively promote the interests of society even when each individual or firm is only attempting to pursue its own interests.

Ultimatum Game

A game in experimental economics where a proposer offers how to split a sum of money with a responder, who can accept or reject the offer.