Experiments Sometimes Include Measuring the Variable/concept Both Before and After

question 88

Multiple Choice

Experiments sometimes include measuring the variable/concept both before and after an intervention of some sort. This technique is known as a

• A) cross-sectional testing.
• B) primary test and secondary test.
• C) pretest and posttest.
• D) control and experiment.

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Definitions:

Present Consumption

The act of using goods and services to satisfy current needs and desires rather than saving for future use.

Self-Control Problems

Refers to the difficulty people have in sticking with earlier plans and avoiding suboptimal decisions when finally confronted with a particular decision-making situation. A manifestation of time inconsistency and potentially avoidable by using precommitments.

Time Inconsistency

The human tendency to systematically misjudge at the present time what will actually end up being desired at a future time.

Behavioral Economists

Economists who study the psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.