Behavioral Economists Put Significant Emphasis on Using Models to

question 41

Multiple Choice

Behavioral economists put significant emphasis on using models to

• A)predict decisions, but not so much to understand how those decisions are made.
• B)predict decisions and also to understand how those decisions are made.
• C)understand decision processes, but not the prediction of the decision itself.
• D)understand people's actions, but not what drives people to act in certain ways.

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Definitions:

Abstract Words

Terms that represent ideas or concepts rather than tangible objects.

Support Sentences

Sentences within a paragraph that provide evidence, examples, or details to back up the main idea or topic sentence.

Evidence

Information, facts, or data presented in support of an assertion, argument, or as proof of the truth of a statement.

Connotative Words

Words that carry beyond their literal meaning, evoking emotions, associations, or ideas in the reader's mind.