behavioral decision theory economics

MCQsQuestion.com has 2 Question/Answers about Topic behavioral decision theory economics

Customers who loss averse and tend to underweight the

Customers who loss averse and tend to underweight the
  • A. integrate probabilities
  • B. segregate probabilities
  • C. high probabilities
  • D. low probabilities
  • Correct Answer: Option C

Type of heuristic in which customer’s adjust initial judgment on basis of additional information is classified as

Type of heuristic in which customer’s adjust initial judgment on basis of additional information is classified as
  • A. peripheral heuristic
  • B. anchoring heuristic
  • C. geographical heuristic
  • D. adjusting heuristic
  • Correct Answer: Option B