Quiz about Kinh Tế Học Hành Vi

Question 1

In Experiment 1, which option do you prefer?

Accepted Answer

You want to receive 100K today or 110K next week?

Answer

You want to receive 100K in seven weeks or 110K in eight weeks?

Question 2

In Experiment 2, suppose an epidemic is about to break out estimated to take the lives of 600 people. Experts propose two programs to deal with the epidemic:

Accepted Answer

Program B: The probability of saving 600 people is 1/3, the probability of saving no one is 2/3

Answer

Program A: Save 200 people

Question 3

There are two programs to deal with the epidemic: Program A: Save 200 people. Program B: The probability of saving 600 people is 1/3, the probability of saving no one is 2/3. Which program do you choose?

Accepted Answer

Program A

Answer

Program B

Question 4

Now consider another set of options for the same situation: Program C: 400 people will die. Program D: The probability of no one dying is 1/3, the probability that all 600 people will die is 2/3. Which program do you choose?

Accepted Answer

Program D

Answer

Program C

Question 5

What is the foundational argument of behavioral economics?

Accepted Answer

People do not always act in their self-interest.

Answer

People always maximize their benefits.

Answer

People make decisions based solely on rationality.

Answer

People are always aware of their biases.

Question 6

What are the foundational arguments of Behavioral Economics?

Accepted Answer

Humans do not always act in self-interest; they do not maximize benefits and minimize costs with stable preferences.

Answer

Human thinking is limited, dependent on knowledge, information, and limited processing ability.

Answer

Many of our choices are not the result of careful consideration and are influenced by the context of decision-making.

Question 7

What influences our decision-making according to Behavioral Economics?

Accepted Answer

We are influenced by available information in memory, automatic effects created, emotional cues, and salient information in the environment.

Answer

Humans tend to resist change and are poor forecasters of the future.

Answer

We are members of society, influenced by social customs such as trust, mutual tolerance, and fairness; sensitive to social norms and the need for self-expression.

Question 8

What is the main purpose of Behavioral Economics?

Accepted Answer

To understand how people act/make decisions.

Answer

To recognize human 'irrationalities'.

Answer

To find suitable ways to avoid temptations and mistakes.

Answer

To increase self-control.

Answer

To help people make correct decisions (achieving long-term goals).

Question 9

What is the concept of sunk cost?

Accepted Answer

Sunk cost is a cost that has already been incurred and cannot be recovered.

Answer

The advice of traditional economists is to ignore sunk costs when making decisions.

Answer

What has passed should be left behind.

Answer

Do not scream when the milk has been spilled.

Question 10

What influences human behavior beyond mere interests and preferences?

Accepted Answer

Social norms

Answer

Personal gain

Answer

Cultural beliefs

Answer

Economic factors

Question 11

What motivates soldiers, police, and firefighters to risk their lives?

Accepted Answer

Social standards

Answer

Salary

Answer

Personal ambition

Answer

Family support

Question 12

Why do people still take time to vote in elections?

Accepted Answer

Because of social pressure

Answer

To express their opinion

Answer

To influence the outcome

Answer

To fulfill a civic duty

Question 13

What is a key focus of behavioral economics in business?

Accepted Answer

Understanding customer psychology

Answer

Maximizing profits

Answer

Reducing costs

Answer

Increasing market share

Question 14

What does behavioral economics suggest about sunk costs?

Accepted Answer

They should be ignored in decision-making

Answer

They are crucial for future decisions

Answer

They enhance decision quality

Answer

They are irrelevant

Question 15

What value do people often assign to items they own?

Accepted Answer

Higher than market value

Answer

Equal to market value

Answer

Lower than market value

Answer

No value at all

Question 16

What is the effect of effective advertising on customers becoming owners before actually owning the product?

Accepted Answer

It creates a sense of virtual ownership

Answer

It discourages competition

Answer

It increases product prices

Answer

It has no effect

Question 17

How does Google's environment promote cooperation among employees?

Accepted Answer

By minimizing hierarchy

Answer

By increasing competition

Answer

By offering high salaries

Answer

By limiting communication

Question 18

What strategy do marketers use to encourage customers to buy products?

Accepted Answer

Offering free gifts

Answer

Increasing product prices

Answer

Limiting product availability

Answer

Reducing advertising

Question 19

What happens when a celebrity endorses a product?

Accepted Answer

Sales increase rapidly

Answer

Sales decrease

Answer

No effect on sales

Answer

Sales remain constant

Question 20

What is a strategy to engage customers in a company event?

Accepted Answer

Inviting customers to join company outings

Answer

Limiting customer access

Answer

Increasing product prices

Answer

Reducing customer service

Question 21

What is the purpose of offering high salaries to executives?

Accepted Answer

To attract top talent

Answer

To reduce company expenses

Answer

To limit competition

Answer

To increase product prices

Question 22

What is game theory?

Accepted Answer

A tool for analyzing conflict resolution

Answer

A method for predicting economic trends

Answer

A psychological approach to decision making

Answer

A historical analysis of human behavior

Question 23

What are the elements of a game?

Accepted Answer

Players, strategies, payoffs

Answer

Rules, outcomes, players

Answer

Strategies, outcomes, rewards

Answer

Players, rewards, rules

Question 24

What is Nash equilibrium?

Accepted Answer

A situation where no player can benefit by changing their strategy

Answer

A strategy that guarantees a win

Answer

A method for calculating payoffs

Answer

A type of cooperative game

Question 25

What is the tragedy of the commons?

Accepted Answer

A situation where individuals acting in their own self-interest deplete shared resources

Answer

A theory that explains market failures

Answer

A game that illustrates cooperation

Answer

A method for resource allocation

Question 26

What is the solution to the prisoner's dilemma?

Accepted Answer

Cooperation between players

Answer

Defection by both players

Answer

Random choice of strategy

Answer

Negotiation between players

Question 27

The dilemma of the prisoners involves Ali and Baba who are suspected of a robbery. The police lack evidence to convict them unless one of them confesses. The police keep them in separate locations and explain the possible outcomes they may face.

Accepted Answer

Confess, Confess

Answer

Confess, Do not confess

Answer

Do not confess, Confess

Answer

Do not confess, Do not confess

Question 28

What happens if both Ali and Baba confess?

Accepted Answer

-5, -5

Answer

-1, -10

Answer

-10, -1

Answer

-2, -2

Question 29

What happens if Ali confesses and Baba does not?

Accepted Answer

-1, -10

Answer

-5, -5

Answer

-10, -1

Answer

-2, -2

Question 30

What happens if Baba confesses and Ali does not?

Accepted Answer

-10, -1

Answer

-5, -5

Answer

-1, -10

Answer

-2, -2

Question 31

What happens if neither Ali nor Baba confesses?

Accepted Answer

-2, -2

Answer

-5, -5

Answer

-1, -10

Answer

-10, -1

Question 32

What is the dilemma faced by Ali and Baba?

Accepted Answer

They both confess and each get 5 years

Answer

They both cooperate and do not confess

Answer

One confesses and the other does not

Answer

They both remain silent

Question 33

What is the dominant strategy for both prisoners?

Accepted Answer

To confess

Answer

To remain silent

Answer

To cooperate

Answer

To betray each other

Question 34

What does the Nash equilibrium represent?

Accepted Answer

A situation where players do not cooperate

Answer

A situation where players cooperate

Answer

A situation where players maximize their own benefit

Answer

A situation where players minimize their losses

Question 35

What is the Nash equilibrium?

Accepted Answer

A situation where players interact and no one benefits from changing their strategy while others keep theirs.

Answer

A situation where one player can benefit by changing their strategy.

Answer

A situation where all players can change their strategies freely.

Answer

A situation where players are forced to cooperate.

Question 36

What happens when players reach Nash equilibrium?

Accepted Answer

No player can benefit by unilaterally changing their strategy.

Answer

Players can always change their strategies.

Answer

Players must cooperate to win.

Answer

Players can only change their strategies if they agree.

Question 37

What is a cartel?

Accepted Answer

A group of firms that collude to increase market power.

Answer

A type of monopoly.

Answer

A situation where firms compete aggressively.

Answer

A legal agreement between companies.

Question 38

What is the market structure described as Duopoly?

Accepted Answer

A market with two firms.

Answer

A market with many firms.

Answer

A market with one firm.

Answer

A market with no firms.

Question 39

What is the profit of T-Mobile when producing Q = 50?

Accepted Answer

$750

Answer

$800

Answer

$600

Answer

$400

Question 40

What is the equilibrium point for both companies when each produces Q = 40?

Accepted Answer

Nash Equilibrium

Answer

Dominant Strategy

Answer

Pareto Efficiency

Answer

Cartel Agreement

Question 41

What is the best strategy for T-Mobile if Verizon produces Q = 40?

Accepted Answer

Produce Q = 40

Answer

Produce Q = 30

Answer

Produce Q = 50

Answer

Reduce Prices

Question 42

What happens if both companies reduce prices?

Accepted Answer

Both earn $400 million

Answer

Both earn $600 million

Answer

One earns $800 million

Answer

One earns $200 million

Question 43

What is the profit of each company if they do not reduce prices?

Accepted Answer

$600 million

Answer

$400 million

Answer

$800 million

Answer

$200 million

Question 44

Draw the payoff matrix and find the Nash equilibrium.

Accepted Answer

Both reduce prices

Answer

One reduces price

Answer

Neither reduces price

Question 45

How to achieve cooperation?

Accepted Answer

Design monitoring

Answer

Punish cheating

Question 46

What are the strategies of A?

Accepted Answer

(1,2,1)

Answer

(1,2,2)

Answer

(2,2,1)

Answer

(1,1,2)

Answer

(1,1,1)

Kinh Tế Học Hành Vi

96 questions

Why are many items sold for $199 and very few for $200?

Why do people give gifts instead of cash - gifts that can never be the wrong size or color?

Why do we feel frustrated when we see others doing the same job as us but getting paid more, even though we were completely satisfied with what we had before?

Why do we cling to our stocks only to realize later that we should have sold them?

What are the assumptions of mainstream economics that have flaws?

Do the basic premises of the economic analysis framework fit the current world we live in?

Is the economic man that we know really like that in reality?

In Experiment 1, which option do you prefer?

In Experiment 1, how does time decrease value?

In Experiment 2, suppose an epidemic is about to break out estimated to take the lives of 600 people. Experts propose two programs to deal with the epidemic:

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