People Make Decisions at the Margin By

question 29

Multiple Choice

People make decisions at the margin by:

• A)following tradition
• B)comparing costs and benefits
• C)experience
• D)calculating dollar costs

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Definitions:

Preparedness

A predisposition to quickly learn certain types of behaviors or to associate specific stimuli with certain responses due to evolutionary pressures.

Shaping

A method of training by which successive approximations toward a desired behavior are reinforced to teach a complex behavior.

Stimulus Discrimination

The learned ability to differentiate between similar stimuli and respond only to the actual signal but not to similar stimuli.

Approximations

Incremental steps or behaviors that progressively resemble the target behavior or outcome, used in learning and conditioning.