A Behavioral Economist Will Explain Tom's Donation to Charity by Saying

question 116

Multiple Choice

A behavioral economist will explain Tom's donation to charity by saying that Tom is displaying

• A) the endowment effect.
• B) bounded rationality.
• C) bounded self-interest.
• D) bounded will power.

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Definitions:

Smelled Food

The act of detecting the aroma of food, which can trigger physiological reactions such as salivation and influence appetite.

Operant Behavior

Behavior emitted spontaneously or voluntarily that operates on the environment to change it.

Respondent Behavior

Reactions that are automatic and involuntary, typically elicited by specific stimuli, contrasted with operant behavior, which is influenced by its consequences.

Extinguishable Behavior

A learned response that decreases in frequency or disappears when it is no longer reinforced in a behavioral psychology context.