Behavioral Economists Have Discovered That

question 45

Multiple Choice

Behavioral economists have discovered that

• A) transitivity of preferences always holds, even in animals.
• B) the law of demand does not hold in controlled experiments.
• C) transitivity of preferences does not always hold, especially for young people.
• D) reflexivity of preferences is not true.

---

Definitions:

Value Ladder

A marketing concept that maps out a progression of products or services that increase in price and value, guiding customers through different levels of engagement.

Pillar

A fundamental component or structure that supports and adds strength or stability to a system, organization, or theory.

Social Media Optimization

The process of using social media networks to manage and grow an organization’s message and online presence.

Cultural Co-Creation

A process where individuals or groups from different cultural backgrounds collaborate to produce shared meanings, values, or artifacts.