The Computed Chi-Square Value Is Positive Because the Difference Between

question 77

Multiple Choice

The computed chi-square value is positive because the difference between the observed and expected frequencies is:

• A) squared.
• B) linear.
• C) uniform.
• D) always positive.
• E) None of these statements are correct.

---

Definitions:

Self-Control Problems

Refers to the difficulty people have in sticking with earlier plans and avoiding suboptimal decisions when finally confronted with a particular decision-making situation. A manifestation of time inconsistency and potentially avoidable by using precommitments.

Time Inconsistency

The tendency of people to change their plans about future actions due to a preference for immediate gratification over future reward.

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Behavioral Economics

An area within economics analyzing how various psychological, emotional, cognitive, cultural, and social elements affect the decision-making processes in economics of both individuals and organizations.