Behavioral Decision Theory and Economics MCQs Quiz Online PDF Download

Practice behavioral decision theory and economics MCQs, marketing management MCQ test for online learning. Analyzing consumer markets quiz has multiple choice questions (MCQ), behavioral decision theory and economics quiz questions and answers to practice as type of heuristic in which customer's adjust initial judgment on basis of additional information is classified as, answer key help with choices as peripheral heuristic, anchoring heuristic, geographical heuristic and adjusting heuristic problem solving for viva, competitive exam preparation, interview questions. Free study guide is for online learning behavioral decision theory and economics quiz with MCQs to practice test questions with answers.

MCQs on Behavioral Decision Theory and Economics Quiz PDF Download

MCQ. The type of heuristic in which customer's adjust initial judgment on the basis of additional information is classified as

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

B

MCQ. The customers who loss averse and tend to underweight the

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

C

MCQ. The 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 the customer's 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. The representative heuristic and availability heuristic are the types of

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

D