Examlex

Solved

Control Based on the Use of Pricing Mechanisms and Economic

question 70

Multiple Choice

Control based on the use of pricing mechanisms and economic information is referred to as:


Definitions:

Status Quo Bias

The tendency for individuals to prefer for things to stay the same by doing nothing or by sticking with a decision made previously.

Default Option

A pre-selected choice among a set of options that will be applied if no alternative is specified by the decision-maker.

Action

The act of doing something or taking steps towards achieving an outcome.

Reactance

An encouraging response to incentives, personalities, standards, or rules that risk or nullify specific behavioral liberties.

Related Questions