Behavioral Economists Have Discovered That

question 45

Multiple Choice

Behavioral economists have discovered that

• A) transitivity of preferences always holds, even in animals.
• B) the law of demand does not hold in controlled experiments.
• C) transitivity of preferences does not always hold, especially for young people.
• D) reflexivity of preferences is not true.

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Definitions:

Occipital Stimulus

A stimulus that targets the occipital lobe of the brain, primarily involved in visual processing.

Proximal Stimulus

The physical energy from a stimulus that directly interacts with sensory receptors.

Agnosias

A class of neurological disorders marked by the inability to recognize objects, people, sounds, shapes, or smells while other sensory functions remain intact.

Aphasias

Language disorders caused by damage to the brain that affect speaking, understanding, reading, and writing.