Deneme Sınavı Soruları

What is the general name for the trade-off of costs and benefits that occur at different times?

I. Individuals can choose to avoid time-inconsistent choices by controlling their long-term demands by including the income they will earn today.

II. The individual is aware of his consumption pleasures, which will result in no effort to adapt to the future situation. 

III. Past consumption decisions will affect the individual’s future consumption decisions.

Which of the given reasons may cause the long-run and short-run demand function to differ according to Pollak (1970)?

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

I. Living the experience today will lead to more good memories one day than living it tomorrow.

II. Uncertainty makes today’s consumption more valuable. 

III. Consuming today is less valuable than consuming tomorrow.

Which of the given are some of the reasons the consumer values today’s consumption more?

Which one of the given statement can be said to be true about the properties of the EDU (Exponential Discounted Utility) Model?

I. Normative behavioral economics is not independent of value judgments.

II. In normative behavioral economics current economic events and behaviors are explained impartially without value judgment.

III. Normative behavioral economics represents a process that involves policy-making that includes economic practices. 

What can be said to be true about normative behavioral economics?

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?

Why are people emphasized as homo sapiens instead of being named as homo economicus in reality?

I. The Prospect Theory is a behavioral model that shows how people choose under uncertain conditions.

II. The theory introduced two phases to decision-making: editing and evaluating.

III. The theory introduced probabilities to calculate the value of outcomes for decision-makers.

What can be said to be true about The Prospect Theory?

The 120 GB iPhone 12 was initially priced at $999 but was immediately discounted to $799 in 2022. Consumers thought they were getting a good deal because the phone was first offered at a higher price and then reduced to $799, even though its actual value was only $799.

Which of the following best describes the preceding example?

Which below is a characteristic of the automatic system?

Keynes (1921) and Knight (1936) drew a distinction between uncertainty and risk. _____ can be defined, but _______ cannot.

What describes how people choose between different options and how they estimate the perceived likelihood of each of these options?

Which expectations hypothesis determines the expectations of economic decision-makers about future values, the average of the past values of the variable considered for the past period or the weighted average values?