Which of the Following Statements Best Reflects How a Behavioral

question 75

Multiple Choice

Which of the following statements best reflects how a behavioral economist views individual decision making?

• A) Alex makes wrong decisions sometimes,but usually it is only when he has been given bad information.
• B) Kara carefully calculates and weighs the expected benefits and costs of every option before making a decision.
• C) Alicia may appear to care about others,but even her seemingly altruistic behaviors are really about furthering her own interests.
• D) Balin tries to make good,well-thought-out decisions,but his desire for utility in the present means that he often gives in to costly temptations.

Discern the effects of persuasive messaging on beliefs and behaviors in health campaigns.

Understand the concept and components of attitudes.

Comprehend the role of cognitive algebra in attitude formation and change.

Recognize the importance of cognitive consistency in attitudes.

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Definitions:

Voluntarism

The principle or practice of relying on voluntary action (rather than state intervention) in social and economic matters, including labor relations.

Shareholder Model

A corporate governance framework where the interests of shareholders are the primary focus of company management.

Stakeholder Model

A framework in business and ethics that emphasizes considering the interests and impacts on all affected parties (stakeholders) rather than solely focusing on shareholders.

NLRA

A cornerstone of United States labor legislation, the National Labor Relations Act upholds the rights of workers to unionize and to negotiate collectively with their employers.