Introduction Behavioural

What is the title of the presentation?. Origins of Behavioral Economics and Main Research Areas. Neoclassical Economics. Behavioral Economics vs. Neoclassical Economics. Dualism of Cognition and Decision-Making Processes.

Who is the presenter of the material?. W. Jevons. Agnieszka Bretyn. Daniel Kahneman. Richard Thaler.

Which of the following is NOT a topic covered in the presentation?. Origins of Behavioral Economics and Main Research Areas. Dualism of Cognition and Decision-Making Processes. Moral and Social Values in Economic Behaviour. Game Theory and Strategic Interactions.

What is the aim of the course according to the presentation?. To teach microeconomics. To present behavioral aspects of evaluation and economic decision-making. To discuss neoclassical economics. To analyze market structures.

On what basis are conversation classes graded?. Written colloquium. Laboratory classes. Group presentations. Homework assignments.

What is the credit grade for laboratory classes based on?. Written project and economic experiment and activity. Written colloquium and group presentations. Only a written project. Only activity during the laboratory.

What is the central focus of Neoclassical Economics?. Microeconomic problems. Macroeconomic problems. Game Theory. Behavioral biases.

In the marginalist revolution, analysis shifted from what to what?. Consumption to production. Production to consumption. Supply to demand. Demand to supply.

What is the basic research object of Neoclassical economics?. Homo sapiens. Homo economicus. The market. Institutions.

According to the neoclassical economic model, are individuals rational?. Yes. No. Sometimes. It depends on the context.

What is the goal of decision-makers in the neoclassical model?. To maximize utility and profit. To minimize costs. To create social welfare. To follow ethical guidelines.

What played a key role in the science of economics according to the slides?. Production. Utility (marginal utility). Wealth. Capital.

According to W. Jevons, what concepts does the science of economics base on?. Utility, wealth, value, good, work, capital, land. Supply, demand, price. Production, consumption, investment. Risk, reward, choice.

What is utility, according to the presentation?. The ability to satisfy needs. The price of a good. The cost of production. The amount of labor.

What type of goods are usable?. Consumer goods. Producer goods. Luxury goods. All types of goods.

What does man decide how to divide resources to achieve?. Maximization of utility. Minimization of costs. Equal distribution. Social welfare.

According to C. Manger, what type of utility can consumers determine?. Cardinal utility. Ordinal utility. Relative utility. Average utility.

According to W. Jevons and L. Walras, what type of utility can a consumer compare?. Cardinal utility. Ordinal utility. Absolute utility. Marginal utility.

What is the fundamental relationship studied by the marginalist revolution?. Man's relationship to production. Man's relationship to consumption. Supply and demand. Market equilibrium.

What is the first of all thing man has?. unlimited consumption needs. limited possibilities. money. happiness.

According to Gossen's First Law, what diminishes?. Marginal utility. Total utility. Price. Income.

What is the main objection to the neoclassical approach to decision-making?. The assumption that units have complete information. The complexity of the models. The lack of empirical evidence. The focus on microeconomics.

What is the main difference between classical and behavioral economics regarding individual rationality?. People are fundamentally rational vs. people are irrational. People are always rational vs. people are sometimes rational. People are rational in economics vs. people are irrational in psychology. People make few errors vs. people make many errors.

What are the core elements that Behavioral Economics combines?. Economics and psychology. Economics and sociology. Economics, psychology and sociology. Economics and mathematics.

Which of the following describes humans, according to the quote from R. Thaler?. Dumber, nicer and weaker than homo economicus. Smarter, more selfish and stronger than homo economicus. Rational and efficient. Perfect calculators.