Description
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Review
Review
Anonymous
This is great! Exactly what I wanted.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
Principles of Microeconomics Chapter 17
Your friend has a large garden and grows fresh fruit and vegetables to be sold at a local "farmer's market". Your friend c ...
Principles of Microeconomics Chapter 17
Your friend has a large garden and grows fresh fruit and vegetables to be sold at a local "farmer's market". Your friend comments, 'I hired a college student who was on summer vacation to help me this summer and my production more than double. Next summer, I think I'll hire two or maybe three helpers and my output should go up more than three or fourfold.'1. If all production processes eventually exhibit diminishing marginal product of the variable inputs, could it be true that your friend hired a helper (doubled the labor) and more than doubled his production? Why?2. Is it likely that he could hire more workers and continue to reap greater than proportional increases in production? Why?3. In the long run, what must your friend do to the scale of his operation if he wants to continue to hire workers and have those workers generate proportional increases in production? Explain? 4. Even in the long run, could your friend expand his scale of operation forever and continue to keep average total cost at a minimum? Explain?
7 pages
Unilever Competitive Advantage Powerpoint Summary
Unilever is a British-Dutch transnational consumer goods company founded in 1929 (Jones, 2005). Unilever was formed by mer ...
Unilever Competitive Advantage Powerpoint Summary
Unilever is a British-Dutch transnational consumer goods company founded in 1929 (Jones, 2005). Unilever was formed by merging a Dutch margarine ...
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentat ...
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentation_html5.html Review Chapter 12 in the Microeconomics textbook. Review the video from Khan Academy on Monopoly https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-tutorial/v/monopoly-basics Discuss the economic effects of monopoly. Be sure to include the following: 1. Monopoly price compared to the price of a competitive firm 2. Efficiency of resource allocation 3. Monopoly and its impact on large-scale production and unit cost of production
8 pages
11 Introduction To Econometrics
Complete the entire problems in each section as required. There are two sections! Section 1: Probability theory: Expected ...
11 Introduction To Econometrics
Complete the entire problems in each section as required. There are two sections! Section 1: Probability theory: Expected Value and Lotteries (ONE ...
cost vs benefits, Microenomics research paper help
Assignment InstructionsSelect a research topic from the list included or consult your instructor about a different topic.C ...
cost vs benefits, Microenomics research paper help
Assignment InstructionsSelect a research topic from the list included or consult your instructor about a different topic.Conduct research on your topic using at least two sources.Write a Research Paper with a body length of 2-3 pages using APA style.Double-space your Research Paper.Include a Title Page, an Abstract with Key Words, a Body, and References.In the body of your Research Paper begin with an Introductory Paragraph and end with a Concluding Paragraph.Submit a Draft Paper to receive a SafeAssign report about potential problems with plagiarism.Consider using the Writing Lab to provide assistance with editing your paper.You are free to choose your own topic. Here is the procedure:Decide on an area of microeconomics that you are interested in researching such as: health care economics, environmental economics, behavioral economics, public policy, agricultural economics, market structure issues, or issues in income inequality.Develop a narrowly defined research question that focuses on the economics of the issue such as: Obamacare (opportunity cost of repealing, positive externalities, negative externalities, how it changes market structures, compared to a single payer system, what will happen if the Supreme Court rules against subsidies in states without exchanges.Send a Message to your instructor to discuss your research topic, especially if you decide on a topic that is not on the list below.Here are some suggested topics:College tuition is increasing. Provide a cost/benefit analysis describing your own decision to pursue higher education. What is the opportunity cost of continuing your education?Using the tools of economics analyze the effectiveness of a specific gun control proposal. What social costs will this legislation attempt to mitigate? Do you think this goal will be achieved by the specific gun control proposal.Is progressive taxation “fair”? What arguments are made that it is fair or unfair?Which of the proposals advanced to “fix” Social Security have the most merit? Which would cause the most problems?"Is Wal-Mart good for America"? You may have heard or even watched movies about such a topic. What are the pitfalls and disadvantages you see associated with Wal-Mart to your local area, and to you as a consumer.Provide an analysis of the changes in the market for marijuana where it has become legal. What social costs are affected by legalization?What can the individual do about global warming? What are the economic problems of individual action by a business, individual, or nation?Should We Sweat About Sweatshops? After exploring the two sides of the argument (research the pros and cons of sweatshops), draw your own conclusion by taking sides on the issue of Sweatshops.Should Social Security be changed to include Personal Retirement Accounts? What are the costs and benefits to you as a far future retiree?Evaluate on line dating sites such as EHarmony and Match.com at improving the efficiency of meeting a significant other.APA StyleAPA style should be used to cite all of your sources of information.Here are some basics of APA style:The main components of an APA paper are: Title page, Abstract with key words, Body of your paper, and References.References only include sources that you cite in your paper. (Do not include sources that you do not cite.)In-text citations use the author/date method of citing sources in the body of your paper.I have attached a sample of a APA style research paper. this is how my reseach paper should look like Please no plagiarism...
3 pages
Air Pollution
Air pollution requires a lot of attention because it is becoming a global issue. It refers to the presence of toxic substa ...
Air Pollution
Air pollution requires a lot of attention because it is becoming a global issue. It refers to the presence of toxic substances into the air. Harmful ...
Similar Content
Intermediate Econ Final must above 85
start at 10 AM June 28 ADT time zone2.5 hours, 10 MCQ, and 15 short answer questions.Detail instruction and sampling are a...
FIN 101 SEU Principles of Finance Worksheet
College of Administrative and Financial Sciences
Assignment 3
Principles of Finance (FIN101)
Deadline for students: (23/0...
Economic Issues and Canadas Two Step Selection Process Essay
Assignment 4: Immigration SystemWrite a policy briefing about Canada’s two-step selection process and recent development...
ECON320 SUNY Canton Ecological Macroeconomics: Consumption Investment and Climate Change by Jonathan M. Harris
Instructions:1. Read “Ecological Macroeconomics: Consumption, Investment, and Climate Change” by Jonathan M. Harris fr...
MCTC Connection Between Rental Prices and Homelessness Annotated Bibliography
Identify at least three resources from a reputable source. For each resource briefly describe what you learned from this r...
New York University Various Economics Q&As
This is a short essay-type final where it’s provided 8 categories questions and you choose 1 from each category. Pleas...
Macro Economics Questions
Any matched results will be considered cheating, so it results into ZERO grade. Show all works for calculation, final resu...
Investment Report. 34005532
1. (a) Briefly discuss the risk-return tradeoff. Why is it important to an investor? Is the holding period (how long you e...
Answer
In the following graph, we will see how the concepts of demand curve, marginal utility and consumer surplus are related. U...
Related Tags
Book Guides
Herzog
by Saul Bellow
You Are a Badass
by Jen Sincero
Mockingjay
by Suzanne Collins
The BFG
by Roald Dahl
The Handmaids Tale
by Margaret Atwood
Too Much and Never Enough
by Mary L. Trump
Killers of the Flower Moon
by David Grann
The Power of Habit - Why We Do What We Do in Life and Business
by Charles Duhigg
The Fault in Our Stars
by John Green
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
Principles of Microeconomics Chapter 17
Your friend has a large garden and grows fresh fruit and vegetables to be sold at a local "farmer's market". Your friend c ...
Principles of Microeconomics Chapter 17
Your friend has a large garden and grows fresh fruit and vegetables to be sold at a local "farmer's market". Your friend comments, 'I hired a college student who was on summer vacation to help me this summer and my production more than double. Next summer, I think I'll hire two or maybe three helpers and my output should go up more than three or fourfold.'1. If all production processes eventually exhibit diminishing marginal product of the variable inputs, could it be true that your friend hired a helper (doubled the labor) and more than doubled his production? Why?2. Is it likely that he could hire more workers and continue to reap greater than proportional increases in production? Why?3. In the long run, what must your friend do to the scale of his operation if he wants to continue to hire workers and have those workers generate proportional increases in production? Explain? 4. Even in the long run, could your friend expand his scale of operation forever and continue to keep average total cost at a minimum? Explain?
7 pages
Unilever Competitive Advantage Powerpoint Summary
Unilever is a British-Dutch transnational consumer goods company founded in 1929 (Jones, 2005). Unilever was formed by mer ...
Unilever Competitive Advantage Powerpoint Summary
Unilever is a British-Dutch transnational consumer goods company founded in 1929 (Jones, 2005). Unilever was formed by merging a Dutch margarine ...
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentat ...
Pure Monopoly
Pure Monopoly Review the narrated lecture below http://lectures.mhhe.com/narrated_slides/0078021758/chapter12/presentation_html5.html Review Chapter 12 in the Microeconomics textbook. Review the video from Khan Academy on Monopoly https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-tutorial/v/monopoly-basics Discuss the economic effects of monopoly. Be sure to include the following: 1. Monopoly price compared to the price of a competitive firm 2. Efficiency of resource allocation 3. Monopoly and its impact on large-scale production and unit cost of production
8 pages
11 Introduction To Econometrics
Complete the entire problems in each section as required. There are two sections! Section 1: Probability theory: Expected ...
11 Introduction To Econometrics
Complete the entire problems in each section as required. There are two sections! Section 1: Probability theory: Expected Value and Lotteries (ONE ...
cost vs benefits, Microenomics research paper help
Assignment InstructionsSelect a research topic from the list included or consult your instructor about a different topic.C ...
cost vs benefits, Microenomics research paper help
Assignment InstructionsSelect a research topic from the list included or consult your instructor about a different topic.Conduct research on your topic using at least two sources.Write a Research Paper with a body length of 2-3 pages using APA style.Double-space your Research Paper.Include a Title Page, an Abstract with Key Words, a Body, and References.In the body of your Research Paper begin with an Introductory Paragraph and end with a Concluding Paragraph.Submit a Draft Paper to receive a SafeAssign report about potential problems with plagiarism.Consider using the Writing Lab to provide assistance with editing your paper.You are free to choose your own topic. Here is the procedure:Decide on an area of microeconomics that you are interested in researching such as: health care economics, environmental economics, behavioral economics, public policy, agricultural economics, market structure issues, or issues in income inequality.Develop a narrowly defined research question that focuses on the economics of the issue such as: Obamacare (opportunity cost of repealing, positive externalities, negative externalities, how it changes market structures, compared to a single payer system, what will happen if the Supreme Court rules against subsidies in states without exchanges.Send a Message to your instructor to discuss your research topic, especially if you decide on a topic that is not on the list below.Here are some suggested topics:College tuition is increasing. Provide a cost/benefit analysis describing your own decision to pursue higher education. What is the opportunity cost of continuing your education?Using the tools of economics analyze the effectiveness of a specific gun control proposal. What social costs will this legislation attempt to mitigate? Do you think this goal will be achieved by the specific gun control proposal.Is progressive taxation “fair”? What arguments are made that it is fair or unfair?Which of the proposals advanced to “fix” Social Security have the most merit? Which would cause the most problems?"Is Wal-Mart good for America"? You may have heard or even watched movies about such a topic. What are the pitfalls and disadvantages you see associated with Wal-Mart to your local area, and to you as a consumer.Provide an analysis of the changes in the market for marijuana where it has become legal. What social costs are affected by legalization?What can the individual do about global warming? What are the economic problems of individual action by a business, individual, or nation?Should We Sweat About Sweatshops? After exploring the two sides of the argument (research the pros and cons of sweatshops), draw your own conclusion by taking sides on the issue of Sweatshops.Should Social Security be changed to include Personal Retirement Accounts? What are the costs and benefits to you as a far future retiree?Evaluate on line dating sites such as EHarmony and Match.com at improving the efficiency of meeting a significant other.APA StyleAPA style should be used to cite all of your sources of information.Here are some basics of APA style:The main components of an APA paper are: Title page, Abstract with key words, Body of your paper, and References.References only include sources that you cite in your paper. (Do not include sources that you do not cite.)In-text citations use the author/date method of citing sources in the body of your paper.I have attached a sample of a APA style research paper. this is how my reseach paper should look like Please no plagiarism...
3 pages
Air Pollution
Air pollution requires a lot of attention because it is becoming a global issue. It refers to the presence of toxic substa ...
Air Pollution
Air pollution requires a lot of attention because it is becoming a global issue. It refers to the presence of toxic substances into the air. Harmful ...
Earn money selling
your Study Documents