Which of the following behaviors contradict the standard discounted utility model? (A) hyperbolic discounting; (B) context effffects; (C) preference for commitments; (D) all of the above.
Which of the following behaviors contradict the standard discounted utility model? (A) hyperbolic discounting; (B) context effffects; (C) preference for commitments; (D) all of the above.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 8QP
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Question
Which of the following behaviors contradict the standard discounted utility
model?
(A) hyperbolic discounting;
(B) context effffects;
(C) preference for commitments;
(D) all of the above.
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