Matching -Japanese Automakers Started Producing Innovative New Models in the 1980's

question 20

Multiple Choice

Matching
-Japanese automakers started producing innovative new models in the 1980's and introducing them in the United States.General Motors did not see its market share is in danger,since it viewed itself as superior to the foreign manufacturers.Since then,until today,Japanese cars are regarded as the most reliable cars on the market.

• A)Change blindness
• B)The winner's curse
• C)Inattentional blindness
• D)Reference group neglect
• E)System neglect
• F)focalism

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Definitions:

Behavioral Economics

A field of economics that studies how psychological, social, cognitive, and emotional factors influence economic decisions of individuals and institutions.

Stock Portfolio

A collection of stocks that an individual or institution holds, representing investments across one or more types of stock, sectors, or industries.

Positive Utility

The benefit or satisfaction gained from the consumption of goods or services that contribute to an individual's well-being and happiness.

Availability Heuristic

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