10 Questions
What concept describes the motivation to help others without expecting anything in return?
Pure Altruism
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 Dictator Game
What model explains individuals' aversion to situations where they feel outcomes are unfair or unequal?
Fehr/Schmidt inequity aversion model
Which bias describes the tendency for individuals to stick with the default option even if it's not the best choice?
Status Quo Bias
In which game do participants anonymously make a decision about how much of an endowment to keep or give to another player?
Public Goods Game
Which behavioral model describes individuals' preference for smaller, immediate rewards over larger, delayed rewards?
Quasi-hyperbolic discounting model
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?
Public Goods Game
What concept refers to the psychological phenomenon where individuals place more value on items they own than on identical items they do not own?
Endowment Effect
Which theory suggests that individuals make decisions based on the potential gain or loss relative to a reference point, rather than their final wealth?
Prospect Theory
What motivation involves individuals acting in a manner that aligns with societal expectations to gain social approval or avoid social disapproval?
Social Image Motivation
Explore important concepts in altruism, behavioral economics, and game theory such as pure altruism, reciprocity, trust, intrinsic motivation, Fehr/Schmidt inequity aversion model, and various economic games like the Prisoner's Dilemma and Ultimatum Game.
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