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Behavıoral Economıcs (ENG)

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  1. 2

    I. Behavioral development economics aims to strengthen existing development economic theories.

    II. According to behavioral development economists, the behavior of the poor is not the only cause of poverty.

    III. Behavioral development economics rejects the rules and economic policies of traditional development economics.

    Which of the given can be said to be true about behavioral development economics?

  2. 3

    What is the main factor that determines the standards of human life?

  3. 4

    I. Laboratory experiments on economic markets began to be carried out at universities

    II. The view that expected benefit is nonlinear

    III. Some researchers built extended models by incorporating strategic interactions into rational decision theory

    IV. Strategic interaction conditions were incorporated into the decision-making process

    V. Decision-making models outside of the standard model were created

    Gintis (2005) discussed behavioral economics theory in 5 mostly interconnected and overlapping stages. Which is the correct chronological order of these?

  4. 5

    I. There are three strategies for players to choose from

    II. The outcomes of the game can be a win, loss, or tie

    III. If both players choose the same strategy, the game is drawn

    IV. The game is a non-zero-sum game

    Which of the above are true for Rock-Paper-Scissors Game?

  5. 6

    Which of the given statements about the empirical findings compiled by Frey (2018) on five different fields on the subject of happiness research can be said to be true?

  6. 7

    I. Simple

    II. Obligatory

    III. Low-cost

    Which of the given is required to consider an intervention a "nudge"?

  7. 8

    What is the rate at which the discount function declines over time?

  8. 9

    Who had previously achieved results in Game Theory similar to those achieved by John Nash?

  9. 10

    I. By combining the utility functions of the two periods with the discount function, we get the intertemporal utility function.

    II. In the intertemporal utility function, there is no difference between the consumption of the 1st period and the 2nd period for the consumer.

    III. The instantaneous utility function captures an individual’s utility from consumption at time t.

    What can be said to be true about the intertemporal utility function?

  10. 11

    I. In many studies conducted to test the assumptions of the EDU model, it has been found that the intertemporal preferences of the individuals do not match the assumptions of the model.

    II. Contrary to the EDU model claims, people’s discount rate is not fixed. For an individual; the desire for instant gratification will be unbearable the closer the time is.

    III. The Discounted Utility model differentiates between gains and losses in terms of discounting. Individuals discount gains at a higher rate than losses.

    What can be said to be true about the anomalies of the EDU (Exponential Discounted Utility) Model? 

  11. 14

    The idea of restoring expectations which deals with the expectations of employers and employees against inflation is based on whose study?

  12. 15

    The Allais Paradox challenges which core axiom of expected utility theory?

  13. 16

    Who put forth the first expectations-based economic theory by asserting the cyclical character of price and revenue behavior could be seen?

  14. 17

    I. The rational expectation hypothesis’ fundamental flaw is the presumption that each agent is an expert in economics.

    II. The rational expectations hypothesis treats future expectations as an average of past changes.

    III. It makes the assumption that people will ignore information regarding potential changes in policy variables.

    Which of the given can be said to be a criticism of the rational expectation hypothesis?

  15. 18

    Choose the option that completes the following sentence correctly.

    "The price of acquiring information, lack of data access, and asymmetric information are the main causes of .......... information."

  16. 19

    What is the core issue in the St. Petersburg paradox?

  17. 20

    According to the behavioral economics hypothesis, which of the following things does not influence people's decisions?

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