Behavioral Economics and Industrial Organization
Description: This quiz covers the intersection of behavioral economics and industrial organization, exploring how psychological and cognitive factors influence decision-making in markets and organizations. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: behavioral economics industrial organization decision-making market behavior |
Which behavioral bias is characterized by individuals' tendency to overweight recent information and underweight past information?
In behavioral economics, what is the term for the tendency of individuals to overvalue items they already own or possess?
Which concept in behavioral economics describes the tendency of individuals to make decisions based on emotions and gut feelings rather than rational analysis?
In industrial organization, what is the term for the market structure characterized by a small number of large firms competing with each other?
Which behavioral factor can influence the pricing strategies of firms in an oligopolistic market?
In behavioral economics, what is the term for the tendency of individuals to make decisions based on the social norms and expectations of their peers?
Which concept in industrial organization describes the tendency of firms to engage in strategic behavior to gain a competitive advantage over rivals?
In behavioral economics, what is the term for the tendency of individuals to make decisions based on the way information is presented or framed?
Which behavioral factor can influence the entry and exit decisions of firms in an industry?
In behavioral economics, what is the term for the tendency of individuals to make decisions based on the emotions and feelings associated with a particular choice?
Which concept in industrial organization describes the tendency of firms to differentiate their products or services to create a unique market position?
In behavioral economics, what is the term for the tendency of individuals to make decisions based on the information that is most readily available or easily recalled?
Which behavioral factor can influence the consumer demand for a product or service?
In behavioral economics, what is the term for the tendency of individuals to make decisions based on the potential gains and losses associated with a choice, rather than the absolute values?
Which concept in industrial organization describes the tendency of firms to collude or cooperate with each other to reduce competition and increase profits?