Examlex
J. Robert Oppenheimer was
Behavioral Economics
The branch of economic theory that combines insights from economics, psychology, and biology to make more accurate predictions about human behavior than conventional neoclassical economics, which is hampered by its core assumptions that people are fundamentally rational and almost entirely self-interested. Behavioral economics can explain framing effects, anchoring, mental accounting, the endowment effect, status quo bias, time inconsistency, and loss aversion.
Harmful Decisions
Choices made by individuals or entities that result in negative consequences or damage.
Neoclassical Economics
The dominant and conventional branch of economic theory that attempts to predict human behavior by building economic models based on simplifying assumptions about people’s motives and capabilities. These include that people are fundamentally rational; motivated almost entirely by self-interest; good at math; and unaffected by heuristics, time inconsistency, and self-control problems.
Rational Decision
Made when an individual, with clear set objectives, uses logic and all available information to choose the best possible outcome from various alternatives.
Q11: One piece of evidence supporting the theory
Q27: We never find isolated, individual quarks because<br>A)
Q37: The contribution of efficiency to U.S. energy
Q41: One of the features of "pseudoscience" that
Q42: "Physics" could best be described as the
Q42: If you start with one gram of
Q51: How many atoms are in the alcohol
Q55: The electron microscope is based on the
Q62: Which of the following is an example
Q66: In order for a substance to sustain