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Behavıoral Economıcs (ENG)

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  1. 1

    What is the behavior of absolute magnitudes being essential to individuals’ intertemporal preferences called by Loewenstein and Prelec (1992)?

  2. 2

    Which of the following is not included in game theory?

  3. 3

    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?

  4. 4

    Game Theory is essentially a subdiscipline of which branch of science?

  5. 5

    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? 

  6. 6

    I. The Reference Time Model is similar to the habit formation model, it does not include the past as a whole but with a reference time and a reference output level dimension.

    II. In order to understand time-inconsistent behaviors, a reference-dependent utility was formed based on the contributions of prospect theory to utility theory.

    III. In the Reference Time Model, when the individual gains more than a certain amount, a new income that had a great impact before will have a stronger effect.

    What can be said to be true about the Reference Time Model (RT)?

  7. 8

    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?

  8. 9

    What is the concept of influencing individuals’ choices by organizing their decisions called?

  9. 10

    What is the choice architecture that predictably changes elections, with little intervention in economic incentives and without touching the free will of individuals?

  10. 12

    Which games focuses on the free rider problem?

  11. 13

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

  12. 14

    Which expectations hypothesis state that 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?

  13. 15

    What is the basic assumption made by standard models for scientific research and policy analysis?

  14. 16

    Which one is not the general assumption of the neoclassical economy?

  15. 17

    What is the reason for uncertainty according to F.H. Knight?

  16. 18

    Which of the following is not considered within the scope of behavioral economics?

  17. 19

    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?

  18. 20

    What is an interdisciplinary field that combines insights from psychology, sociology, and economics to understand how people make decisions and how those decisions impact the economy?

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