Public Choice Theory Indicates Someone Who Spends More Time Evaluating

question 98

Multiple Choice

Public choice theory indicates someone who spends more time evaluating which tennis racket to buy than deciding which U.S. Senate candidate to support

• A) is behaving irrationally.
• B) is behaving rationally, given the structure of incentives confronted.
• C) will likely be responsible for electing the wrong senator.
• D) is failing to maximize his own personal utility.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake, for the pleasure and satisfaction derived from the activity itself rather than for some external reward.

Type A Personality

A personality trait characterized by high levels of competitiveness, urgency, aggressiveness, and impatience.

Social Impressions

The process by which individuals form an opinion or judgment about others within a social context.

Actor-Observer Effect

A psychological bias where individuals attribute their own actions to situational factors while attributing others’ actions to their personalities.