Podcast
Questions and Answers
What is the main reason policymakers should not interfere with markets?
What is the main reason policymakers should not interfere with markets?
- Markets are self-correcting and can maintain maximal freedom. (correct)
- Markets are always in need of guidance and direction.
- Individuals are not capable of making their own decisions.
- Policymakers are infallible and know what is best for everyone.
What is the main purpose of 'nudges' in decision-making?
What is the main purpose of 'nudges' in decision-making?
- To increase the complexity of decisions.
- To help individuals address self-control issues in decisions involving delayed effects. (correct)
- To encourage people to make impulsive decisions.
- To eliminate the need for feedback and learning.
What is the main difference between social exchanges and market exchanges?
What is the main difference between social exchanges and market exchanges?
- Market exchanges are always between friends, while social exchanges are not.
- Social exchanges involve money, while market exchanges do not.
- Social exchanges are always online, while market exchanges are offline.
- Market exchanges are always transparent, while social exchanges are not transparent. (correct)
What does the Ultimatum Game demonstrate about human behavior?
What does the Ultimatum Game demonstrate about human behavior?
What is the main difference between the Ultimatum Game and the Dictator Game?
What is the main difference between the Ultimatum Game and the Dictator Game?
What do distributional preferences consider in economic decisions?
What do distributional preferences consider in economic decisions?
What is the primary purpose of conducting experiments in causal inference?
What is the primary purpose of conducting experiments in causal inference?
What is the benefit of using random assignment in experiments?
What is the benefit of using random assignment in experiments?
What is the focus of internal validity in experiments?
What is the focus of internal validity in experiments?
What is the libertariant paternalism concept used for?
What is the libertariant paternalism concept used for?
What is the primary concern of external validity in experiments?
What is the primary concern of external validity in experiments?
What is the purpose of using random samples in experiments?
What is the purpose of using random samples in experiments?
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