Which of the Following Do Behavioral Economists Blame for Why

question 173

Multiple Choice

Which of the following do behavioral economists blame for why many households in sunny areas resist solar panels because they focus on the upfront installation costs instead of the larger long-run benefits that accrue from the solar panels?

• A) framing effects
• B) anchoring
• C) myopia
• D) time Inconsistency

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Definitions:

Retrograde Amnesia

A loss of memory-access to events that occurred, or information that was learned, before an injury or the onset of a disease.

Anterograde Amnesia

A condition characterized by an inability to form new memories following the onset of an amnesia-causing event, though long-term memories from before the event may remain intact.

Declarative Memory

A type of long-term memory that involves the capacity to recall factual information, such as events, facts, and concepts.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences, including the location and time they occurred.