A "Satisficer" Is a Person Whose Decision Making Is the Same

question 83

True/False

A "satisficer" is a person whose decision making is the same as that predicted by mainstream economic models.

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Definitions:

Percentage

A rate, number, or amount in each hundred, represented by the symbol %.

Base

The fundamental component or main ingredient in a mixture, formula, or system.

Decimal Places

The number of digits to the right of the decimal point in a number, significant in precision of measurements and calculations.

Percent Increase

The ratio of the increase in value to the original value, expressed as a percentage.