Name two advantages of the behavioral model

Assignment Help Business Economics

Reference no: EM131112615

Name two advantages of the behavioral model.

A. They better match observed behavior.

B. Each model depends on a specific context and they are not easily generalized to other contexts.

C. Broader building blocks free researchers to look for more patterns in the data.

D. Irrational behavior results in complicated models that are often difficult to solve.

E. They assume people are rational, which better matches reality.

F. All economists agree the assumptions of the behavioral model are realistic.

Reference no: EM131112615

Questions Cloud

You earn income in dollars-dollar depreciates against peso : you borrow 10,000 pesos, you earn income in dollars, the dollar depreciates against the peso, you must pay back the loan in pesos. you borrow $10,000, you earn income in pesos, the dollar depreciates against the peso, you must pay back the loan in do..

What are the total costs-revenues and profits : Two clinics want to merge. The price elasticity of demand is -0.20, and each clinic has fixed costs of $60,000. One clinic has a volume of 7,200, marginal costs of $60, and a market share of 2 percent. What are the total costs, revenues, and profits ..

Events on equilibrium price and quantity of market : State in words and show with a graph the effect of the following events on equilibrium price and quantity of the market given.

Disadvantages of cost-plus pricing except : All of the following are disadvantages of cost-plus pricing except:

Name two advantages of the behavioral model : Name two advantages of the behavioral model.

Determine the present value of the life-cycle cost : If the cost of building a new road is $2,500,000 per linear-mile, and the expected annual maintenance cost is $350,000 per linear-mile for 20 years of service-life. At the end of its service-life, the road will be demolish at a cost of $750,000 per l..

Fines vs probability of detection and punishment : In the context of criminal law, discuss the comparative advantages and disadvan- tages of the following pairs: Fines Vs. Probability of ‘Detection and Punishment.’Fines Vs. Prisons. Maximum-but-Uniform fine Vs. Incremental-Fine

Intellectual property rights and public goods : Similarities between Intellectual Property Rights and Public Goods. Differences between Traditional Procurement Contracts and Public-Private Partnerships.

Define political parties : Define political parties. Discuss the ways in which political parties contribute to democratic government through the functions they perform. In democracies around the world, multi-party systems are far more common than the two-party system in Americ..

User Account

All Pages