When Constructing Economic Models, Economists Are More Concerned with

question 268

Multiple Choice

When constructing economic models, economists are more concerned with

• A)what people say than what they do.
• B)what people think than what they say.
• C)what people do than what they say.
• D)what people say than what they do or think.

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Definitions:

Fundamental Attribution Error

The tendency to attribute others' behaviors to their character or personality, while underestimating situational factors.

Dispositional Causes

Attributes an individual's behavior to their internal characteristics or personality traits rather than external environmental factors.

Situational Attributions

Situational attributions refer to the process of ascribing the cause of an individual's behavior to external factors, circumstances, or situations.

Fundamental Attribution Error

The tendency for individuals to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of situational factors.