John Is Doing Very Well in Intermediate Micro Economics, but Hires

question 32

Essay

John is doing very well in Intermediate Micro economics, but hires a graduate student to spend 1 hour a week with him to do workbook problems together.John always gets every problem correct without help from the graduate student, but he insists on continuing the relationship.Is there a behavioral economic explanation of why this is rational? Explain.

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Definitions:

Child Ego State

Part of transactional analysis theory, referring to a set of behaviors, thoughts, and feelings replayed from one's own childhood.

Life Position

A concept in transactional analysis that refers to an individual's core beliefs about self and others, often summarized as "I'm OK; You're OK" as a healthy life position.

Transactional Analysis

A psychotherapeutic approach that analyses social transactions and interactions to understand and improve communication patterns and relationships.

Games

Structured forms of play or competitive activities, often governed by rules and undertaken for enjoyment, skill development, or educational purposes.