The Idea That at Least Some of Our Activities Must

question 144

Multiple Choice

The idea that at least some of our activities must be motivated by their inner drives and choices, rather than by external factors, reflects ____.

• A) entity theory
• B) self-determination theory
• C) action identification theory
• D) the status quo bias

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Definitions:

Winner's Curse

A situation in auctions where the winner tends to overpay due to overly optimistic valuation of the item.

First-Price

A type of auction in which the highest bidder wins and pays the price they bid.

Second-Price

A bidding strategy, often used in auctions, where the highest bidder wins but pays the price offered by the second-highest bidder.

Credible Threats

Statements or demonstrations of intent that are believable and have the potential to influence others’ behaviors by implying negative consequences for not complying.