An Hypothesis That Individuals Base Their Expectations on Available Information

question 4

Multiple Choice

An hypothesis that individuals base their expectations on available information and act on that information is called the:

• A)irrational forecasts hypothesis.
• B)rational information theory hypothesis.
• C)rational expectations hypothesis.
• D)rational abstention hypothesis.

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Definitions:

Identity Need

The psychological requirement for a sense of coherence and continuity in one's self-concept, important for mental health and well-being.

Fromm

Erich Fromm, a psychoanalyst and social philosopher, known for his theories on human nature, freedom, and modern society, including the need for belonging and love as central human drives.

Excitation And Stimulation

The processes through which external or internal factors activate physiological or psychological responses, leading to increased alertness, arousal, or activity.

Fromm

Erich Fromm was a psychoanalyst and social psychologist known for his theories on the relationship between society and the individual, especially concerning freedom, love, and human nature.