Describe the Four Dichotomies and What They Measure on the Myers-Briggs

question 21

Essay

Describe the four dichotomies and what they measure on the Myers-Briggs Type Indicator (MBTI)test.

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Definitions:

Impulse Buying

An unplanned decision to buy a product or service, made just before a purchase.

Behavioral Economics

The study of how psychological, social, cognitive, and emotional factors affect economic decisions and the implications for market prices, returns, and resource allocation.

Retail Stores

Physical or online outlets that sell goods directly to consumers for personal or household consumption.

Behavioral Economist

An economist who studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.