According to the Attribution Theory, If a Behaviour Scores ________

question 61

Multiple Choice

According to the attribution theory, if a behaviour scores ________, we tend to attribute it to internal causes.

• A) low on consistency
• B) high on traceability
• C) low on distinctiveness
• D) high on consensus
• E) low on flexibility

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Definitions:

Time Inconsistency

The tendency of certain conditions or decisions to change over time, especially in the context of economic planning and policy-making.

Prospect Theory

A behavioral economics theory of preferences having three main features: (1) people evaluate options on the basis of whether they generate gains or losses relative to the status quo; (2) gains are subject to diminishing marginal utility, while losses are subject to diminishing marginal disutility; and (3) people are prone to loss aversion.

Behavioral Economists

Economists who study how psychological, social, cognitive, and emotional factors affect economic decisions and market outcomes.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.