Behavioral Decision Theory and Economics MCQs Quiz Online Tests pdf Download

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

MCQs on Behavioral Decision Theory and Economics pdf Quiz Download

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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