BE 24/25 LM77 2° Appello

The way an issue is posed can significantly affect decisions and judgments. This is called...

• Framing

• Overconfidence

• Availability Heuristic

• Ostrich Bias

Prospect Theory...

• is a theory of decision that argues that everything should be judged in the right prospect

• argues that all relevant information of public offering should be published in very detailed document

• assumes that individuals values gains and losses in the same way

• is a theory of decision that models behaviour under risk

When people overestimate the importance of information that is available to them is called

• anchoring bias

• availability heuristic

• bandwagon effect

• blindspot bias

The tendency to rely heavily on the first piece of information one has is called...

• Halo effect

• Priming

• Anchoring

• Cognitive bias

What do we experience stronger, losses or gains?

• Pain of losing

• Pleasure of gaining

• Fear of losing

• All equally

What of the following statements concerning the dictator game is true?

• The dictator game is a simpler version of the ultimatum game, as the responder cannot decline the offer of the proposer

• Dictators in the dictator game offer on average more than Proposers do in the ultimatum game

• Dictator games are used to study the emergence of democratic institutions

• Dictator games have extremely high ecological validity

In the Ultimatum Game...

• the experimenters multiply the amount offered by 3

• people never decline offers above 10%

• rational proposers should offer at least 35% of the whole amount

• rational responders should never decline any positive offer

Anti-social punishment...

• is observed when non-cooperators are punished

• is observed only in field experiments

• is related to how much cooperators are punished

• does not depend on subjects' culture

Who differentiated between 2 independent systems, system 1 and system 2?

• Daniel Kahneman

• Amos Tversky

• Vilfredo Pareto

• Huber, Payne, and Puto

System __________ thinking is fast, instinctive, emotional, automatic and relatively unconscious.

• 1

• 2

• 3

• 4