Behavioral Decision Theory and Economics MCQs Quiz Online PDF eBook Download

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MCQs on Behavioral Decision Theory and Economics PDF eBook Download

MCQ: Type of heuristic in which customer 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: Customers who loss averse 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 the 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 the types of

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

D