Deneme Sınavı Soruları

I. The risk-averse person’s utility function has a positive but increasing slope indicating the diminishing marginal utility of wealth and wealth is measured on the horizontal axis X.

II. The utility function of the risk-seeker individual is convexly indicating an increasing marginal utility of money income or wealth.

III. The risk-neutral individual’s utility function is linear and negatively sloped.

What can be said to be true about the utility functions of risk preferences?

Which below is not a characteristic of reflective system?

Which statement below expresses one of the purposes the expectations serve?

When providing accident data, traffic safety institutions comparing data from motorcycles, cars, and heavy vehicles like trucks and busses offer statistics on fatalities and serious injuries per 100 vehicles but do not present overall accident numbers or ratios. Therefore, motorcycles are considered to be most dangerous by the general public in many countries, followed by cars and busses, despite having lower actual accident occurrences. Which aspect of mental accounting are these institutions taking advantage of?

What is a situation where probabilities cannot be expressed with any mathematical precision?

The automatic system is an effortless, fast, ____ process that includes emotions and is governed by habits, which humans share with other living things in evolutionary terms. 

Which characteristic below fills the blank space?

1. Which idea in application of behavioral economics is indicated as “irrational behaviour is overridden in an effort to forecast consumption consequences”?

When it comes to understanding economic behavior, which of the following disciplines is not included?

What are individuals who prefer less risky situations or they try to minimize risk called?

Choose the option that completes the following sentence correctly.

"The term .......... refers to the limits of cognitive processing and task performance that are believed to result from limits inherent to an organism and are prone to intra- and interindividual variation."

Which is one of the variety of effects of the expectations?

I. The expected utility theory explains the consumer’s optimal behavior with rationality assumption and a set of axioms.

II. It has been criticized for the limited capacity of human processing power.

III. Another criticism of the model was its assumption that individuals can access information on the subject at a cost.  

Which of the given can be said to be true about the Expected Utility Theory?

What is the field of study that examines the psychological and emotional factors that influence people’s economic decisions?

According to expected utility theory, how do rational individuals make decisions under uncertainty?

What is the “framing effect” in decision-making?

I. In the adaptive expectations hypothesis, individuals -decision-makers- periodically review their expectations and correct their expectations through error learning when there is a difference between the realized value and the expectations.

II. The first criticism of this hypothesis is that it is made by looking only at backward-looking values. The result that emerges in the expectations created by looking only at the values of the past period is not fully explanatory. 

III. In recent years economists have assessed both predicted and actual variables with adaptive expectations, their usage in macroeconomics is more widespread than the rational expectations despite the drawbacks of the adaptive expectations. 

What can said to be true about adaptive expectations?

“As a customer in a mall, Julia came across signs for a product that said $999 instead of $1000, and she chose to purchase it because the price was below $1000. There is no big difference in value between $999 and $1000. There was not much gain in saving that $1, but what made her choose to buy that product was the satisfaction of purchasing a product under $1000?

What is the main study of behavioral economics in the actual world?

Which of the following increase(s) with the degree of access to the data on which investors base their predictions?

Which of the following is not considered as one of the typical characteristics of Homo Economicus?