Public Choice Theory Indicates Someone Who Spends More Time Evaluating

question 98

Multiple Choice

Public choice theory indicates someone who spends more time evaluating which tennis racket to buy than deciding which U.S. Senate candidate to support

• A) is behaving irrationally.
• B) is behaving rationally, given the structure of incentives confronted.
• C) will likely be responsible for electing the wrong senator.
• D) is failing to maximize his own personal utility.

---

Definitions:

Odds Ratio

A measure of association between an exposure and an outcome, representing the odds that an event will occur given the exposure vs. the odds of the event occurring without the exposure.

Heart Attack

A medical condition characterized by the sudden blockage of blood flow to the heart muscle, often resulting in chest pain and other symptoms.

Obese Person

An individual having a body mass index (BMI) of 30 or above, indicating excessive body fat.

Regression Analysis

A statistical method used for estimating the relationships among variables, particularly the relationship between a dependent variable and one or more independent variables.