Podcast
Questions and Answers
What concept describes the motivation to help others without expecting anything in return?
What concept describes the motivation to help others without expecting anything in return?
- Pure Altruism (correct)
- Reciprocity
- Generosity
- Trust
Which game involves one player making a decision on how to allocate a sum of money knowing it will impact another player's payoff?
Which game involves one player making a decision on how to allocate a sum of money knowing it will impact another player's payoff?
- The Trust Game
- The Dictator Game (correct)
- The Beauty Contest Game
- The Ultimatum Game
What model explains individuals' aversion to situations where they feel outcomes are unfair or unequal?
What model explains individuals' aversion to situations where they feel outcomes are unfair or unequal?
- Fehr/Schmidt inequity aversion model (correct)
- Cognitive Hierarchy Model
- Cumulative Prospect Theory
- Quasi-hyperbolic discounting model
Which bias describes the tendency for individuals to stick with the default option even if it's not the best choice?
Which bias describes the tendency for individuals to stick with the default option even if it's not the best choice?
In which game do participants anonymously make a decision about how much of an endowment to keep or give to another player?
In which game do participants anonymously make a decision about how much of an endowment to keep or give to another player?
Which behavioral model describes individuals' preference for smaller, immediate rewards over larger, delayed rewards?
Which behavioral model describes individuals' preference for smaller, immediate rewards over larger, delayed rewards?
In which type of game do participants decide how much to contribute towards a common pool of resources knowing that the total will be multiplied and split equally among all participants?
In which type of game do participants decide how much to contribute towards a common pool of resources knowing that the total will be multiplied and split equally among all participants?
What concept refers to the psychological phenomenon where individuals place more value on items they own than on identical items they do not own?
What concept refers to the psychological phenomenon where individuals place more value on items they own than on identical items they do not own?
Which theory suggests that individuals make decisions based on the potential gain or loss relative to a reference point, rather than their final wealth?
Which theory suggests that individuals make decisions based on the potential gain or loss relative to a reference point, rather than their final wealth?
What motivation involves individuals acting in a manner that aligns with societal expectations to gain social approval or avoid social disapproval?
What motivation involves individuals acting in a manner that aligns with societal expectations to gain social approval or avoid social disapproval?
Flashcards are hidden until you start studying
