Behavioral Decision Theory and Economics MCQs Test Online pdf Download

Practice MCQs on behavioral decision theory and economics with marketing tests for online test prep and learning. Free study guide has multiple choice questions (MCQ) with behavioral decision theory and economics quiz as type of heuristic in which customers adjust initial judgment on basis of additional information is classified as, answering options peripheral heuristic, anchoring heuristic, geographical heuristic and adjusting heuristic for exam prep. Study to learn behavioral decision theory and economics quiz online with MCQs to practice test questions with answers.

MCQs on Behavioral Decision Theory and Economics

MCQ. Type of heuristic in which customers adjust initial judgment on basis of additional information is classified as

  1. peripheral heuristic.
  2. anchoring heuristic.
  3. geographical heuristic.
  4. adjusting heuristic.

B

MCQ. Customers who loss averse and tend to underweight the

  1. integrate probabilities.
  2. segregate probabilities.
  3. high probabilities.
  4. low probabilities.

C

MCQ. Way in which choices are seen and presented by a decision maker is classified as

  1. anchor framing.
  2. critical framing.
  3. adjustment framing.
  4. decision framing.

D

MCQ. When customers base their predictions on example that comes to mind easily are classified as

  1. availability heuristic.
  2. representative heuristic.
  3. anchoring heuristic.
  4. adjusting heuristic.

A

MCQ. Representative heuristic and availability heuristic are types of

  1. motivation heuristic.
  2. peripheral heuristic.
  3. expectancy heuristic.
  4. decision heuristic.

D

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