Asked by Sarah Arshad Midterm on Jul 13, 2024
Verified
Which research project would be most likely to be conducted by someone in the field of behavioural economics
A) a study of emotional influences on investment in the stock market
B) a comparison of the personalities of people in different socio-economic groups
C) a comprehensive list of the cost of education in 40 different countries
D) an efficiency study of a corporation
Behavioural Economics
A field of study that combines insights from psychology and economics to explore how people make economic decisions in real-world situations.
Emotional Influences
The effect of emotions on cognitive processes, behaviors, or decision-making.
Stock Market
The stock market is a collection of markets where stocks (shares of ownership in businesses) are bought, sold, and issued, reflecting the economic trends of business sectors and economies.
- Recognize the significance of cognitive biases and heuristics in molding our decision-making and perceptual processes.
Verified Answer
Learning Objectives
- Recognize the significance of cognitive biases and heuristics in molding our decision-making and perceptual processes.
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