People's Tendency to Prefer Something That Will Yield Immediate Benefits

question 137

Multiple Choice

People's tendency to prefer something that will yield immediate benefits over something whose benefits come later is called what by behavioral economists?

• A)myopia
• B)mental accounting
• C)anchoring
• D)framing

Explain the processes of extinction, acquisition, and spontaneous recovery in classical conditioning.

Illustrate the concepts of generalization and discrimination within the context of classical conditioning.

Identify and discuss the applications of classical conditioning in real-world scenarios, including advertising, phobia treatment, and learning/behavioral modification.

Recognize the difference between classical and operant conditioning, including their underlying mechanisms and effects on behavior.