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Mr. Fradigio would like to investigate the effectiveness of forehead bandages on the retention of information among high school seniors in his school district. He believes that the tighter students tie their bandages the better they will recall lecture material. To see if his theory is correct, one-third of his morning history class wear extremely tight bandages, one-third wear moderately tight bandages, and one-third wear loose fitting bandages. To control for morning daydreamers, he asks his afternoon class to do the same. Each class does as he requests for each lecture. He then administers the regularly scheduled exam to each of the classes. He scores the exams without knowing which class or bandage group they came from. He repeats the same experiment the following term with a new group of students. He then writes about his experiment and reports the results in the weekly school newsletter. Mr. Fradigio's inquiry is an example of
Behavioral Economists
Researchers and experts who study the psychological, social, cognitive, and emotional factors influencing economic decisions and behaviors of individuals and institutions.
Recently Considered Information
Pertains to the latest data or findings that have been taken into account in a particular context or analysis.
Net Change
The difference in a variable's value between two points in time, indicating increase or decrease.
Utility
A measure of satisfaction or benefit that a consumer derives from the consumption of goods and services.
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