A Manager Is Trying to Estimate the Appropriate Learning Curve

question 12

Multiple Choice

A manager is trying to estimate the appropriate learning curve for a certain job. The manager notes that the first four units had a total time of 30 minutes. Which learning curve would yield approximately this result if the first unit took 10 minutes?

• A) .70
• B) .75
• C) .80
• D) .85
• E) .90

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Definitions:

Behavioral Economists

Researchers who study the psychological, social, cognitive, and emotional factors influencing the economic decisions of individuals and institutions.

Ultimatum Game

A game in experimental economics in which two players interact to decide how to divide a sum of money that is given by the experimenter.

Dictator Game

An economic experiment where one player (the 'dictator') determines the division of a sum of money between themselves and another player.

Behavioral Economists

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