Question

b) Income Differences/Behavioral Economics When is it rational or irrational to lie?

b) Income Differences/Behavioral Economics When is it rational or irrational to lie?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

In few ways, behavioral economics is sad. Behavioral economist economist says it's human to act irrationally, that most people lie. At certain times people lie or behave irrationally because they don't think, or they don't think long-term. There are different estimates; however the average person does it multiple times a day without even thinking that they do it. If few individuals lie more than others, it's probably because they have more opportunities. The rational or irrational calculation to lie depends on cost-benefit.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Irrational Numbers (a) Prove that for every rational number µ > 0, there exists an irrational...
Irrational Numbers (a) Prove that for every rational number µ > 0, there exists an irrational number λ > 0 satisfying λ < µ. (b) Prove that between every two distinct rational numbers there is at least one irrational number. (Hint: You may find (a) useful)
1. Prove that the sum of any rational number with an irrational number must be irrational....
1. Prove that the sum of any rational number with an irrational number must be irrational. 2. Prove or disprove: If a,b, and c are integers such that a|(bc), then a|b or a|c.
10. (a) Prove by contradiction that the sum of an irrational number and a rational number...
10. (a) Prove by contradiction that the sum of an irrational number and a rational number must be irrational. (b) Prove that if x is irrational, then −x is irrational. (c) Disprove: The sum of any two positive irrational numbers is irrational
Consider a number line. How many rational numbers are there? How many irrational numbers? How are...
Consider a number line. How many rational numbers are there? How many irrational numbers? How are they separated? This is a very abstract concept, but will help when considering the graph. What is the definition of a rational number? Of an irrational number?
1. What do neoclassical economics amd behavioral economics believe about giving people options? a. Both believe...
1. What do neoclassical economics amd behavioral economics believe about giving people options? a. Both believe that people make better decisions when they are given a greater set of options. b. Behavioral evonomics focuses on providing more options; neoclassical economics focuses on helping people make more rational decisions with the options available. c. Neoclassical economics focuses on providing more options; behavioral economics focuses on helping people make better decisions with the options available. d. Both believe that people are better...
Behavioral Economics argues in favor of which of the following views of human behavior: Multiple Choice...
Behavioral Economics argues in favor of which of the following views of human behavior: Multiple Choice Individuals will always choose options that maximize their personal satisfaction. Individuals are fully aware of their own innate biases and take them into account when making economic decisions. Individuals are not always rational in the pursuit of their own self interest Individuals react identically when making decisions regarding profitable investements and unprofitable investments
(1) Let x be a rational number and y be an irrational. Prove that 2(y-x) is...
(1) Let x be a rational number and y be an irrational. Prove that 2(y-x) is irrational a) Briefly explain which proof method may be most appropriate to prove this statement. For example either contradiction, contraposition or direct proof b) State how to start the proof and then complete the proof
28.8 Let f(x)=x^2 for x rational and f(x) = 0 for x irrational. (a) Prove f...
28.8 Let f(x)=x^2 for x rational and f(x) = 0 for x irrational. (a) Prove f is continuous at x = 0. (b) Prove f is discontinuous at all x not= 0. (c) Prove f is differentiable at x = 0.Warning: You cannot simply claim f '(x)=2x.
From the point of view of Behavioral Economics, which best illustrates the concept of a framing...
From the point of view of Behavioral Economics, which best illustrates the concept of a framing effect? A. When given a choice that is complex, people tend to rely on heuristics to make the decision, rather than characteristics from the actual situation. B. People care more about gains than equivalent losses C. People can estimate accurately the chances 2 people in a room have the same birthday, but they cannot estimate whether 2 people do not. D. When the default...
Typically when we conduct research we are looking for differences in behavior. Here are two situations...
Typically when we conduct research we are looking for differences in behavior. Here are two situations that often occur: (i) we find behavioral differences and no neuronal differences; (ii) we find no behavioral differences, but find neuronal differences. What do you think these two situations would mean?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT