bounded rationality is an idea in behavioral economics in which individuals are limited in their ability to make decisions. this leads to outcomes that differ from the outcomes predicted by traditional economic theory. which of the following would best describe an individual limited by ""bounded rationality""?

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Answer 1

Bounded rationality simply means an idea that has to do with the fact that people are limited in their ability to make decisions.

You didn't provide the options. Therefore, an overview of the topic will be given. Bounded rationality means the way individuals make decisions that is different from perfect economic rationality.

An example of bounded rationality is when ordering at a restaurant and the customer makes suboptimal decisions because the customer was rushed by the waiter.

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Related Questions

Betsy loves to garden, and her rose garden is enjoyed by everyone in her neighborhood. Because her consumption of rosebushes provides a positive externality to the community, the government should _____ because the market quantity of rosebushes is _____ than the socially optimal quantity.

Answers

Answer:

Provide a Subsidy; Lower

Explanation:

A credit card is not considered money because A. it is not a store of value. B. it simply defers rather than completes transactions that ultimately involve the use of money. C. it is not a unit of accounting. D. All of the above.

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Credit or debit card dose have value whatsoever !

The main method for disposing of municipal wastes in the United States is ___________ while _____ is the main method in Japan.

Answers

Answer:

hi

Explanation:

hi

A limited partnership is an agreement between at least _____ general partner(s) and ______ limited partner(s).

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It should be noted that a limited partnership is an agreement between at least one general partner and one limited partner.

A limited partnership can be regarded as a type of partnership that involves two or more partners entering into a business, even though there liability is amount of their investment.

However, there would be an agreement between them as regards the profits from the business.

We can conclude that limited partnership serves as an agreement that exist among at least one general partner as well as one limited partner.

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An advantage of water transportation over road transportation was that a. canals made Philadelphia the center of commerce for midwestern trade. b. canals cost less to construct than roads. c. canal construction was easier to do than road construction. d. the federal government preferred to fund canal projects over road transportation. e. canals increased the speed of commerce over long distances.

Answers

The advantage of the water transportation over road transportation was that water transportation was faster than road transportation.

Water transport refers any form of transport that takes places on body of water. This is very effective because there are usually no hindrance to vessel movement on sea, ocean, rivers etc

The road transport entails the form of transport that take place of the road.

Hence, the advantage of the water transportation over road transportation was that water transportation was faster than road transportation.

Therefore, the Option F is correct.

Missing option include "F. water transportation was faster."

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A way of spreading stress among employees and providing a respite from particularly stressful jobs is basically job ______

Answers

Answer:

Job Rotation

Explanation:

Job rotation is basically a way of spreading stress among employees and providing a respite—albeit temporary—from particularly stressful jobs

Hope this helps!

Job rotation is a management strategy in which employees are rotated between two or more assignments or jobs at regular intervals to expose them to all aspects of an organization. It is a way of spreading stress among employees and providing a respite from particularly stressful jobs.

What is job rotation?

Job rotation is a well-planned practice that is used to reduce boredom from doing the same type of job every day and to discover an employee's hidden potential. It aids management in identifying employee talent and determining what he or she excels at. It allows a person to pursue his or her own interests and gain experience in various fields or operations.

Job Rotation is a pre-planned approach with the goal of testing the employee's skills and competencies in order to place him or her in the appropriate position. Furthermore, it reduces job monotony, provides them with broader experience, and assists them in gaining more insights.

Therefore the correct answer is job rotation.

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REALTORS®: a. protect and promote the interests of their clients. b. treat all parties honestly. c. promote their interests over their clients' interests. d. A and B only.

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Considering the available options, Realtors are known to have various functions, including options A and B only.

Functions of a Realtor

Generally, Realtors are known to perform many responsibilities, including the following:

Protect and promote the interests of their clients. Treat all parties honestly.Create a real estate contract.Rent, sell or buy properties for clients, etc.

Hence, in this case, it is concluded that the correct answer is option D. "A and B only."

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Ming made a car insurance payment of $122. 50. He’ll use the check register to record his transaction. What will be his new balance? An account statement has a balance of 802 dollars and 10 cents. $.

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Based on the information given the new balance is $679.60.

Using the formula

New balance=Account statement balance-Insurance payment

Where:

Account statement balance=$802.10

Insurance payment=$122.50

Let plug in the formula

New balance=$802.10-$122.50

New balance=$679.60

Inconclusion the new balance is $679.60.

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What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children?

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the sun being out causes children to come outside and “escape from their homes” to enjoy the sun. without the sun (rain or cloudy weather), children will most likely stay inside

Why do some firms, industries, and cultures have different CSR thresholds than others? Illustrate your answer with real examples for all three categories.

Answers

Some firms, industries and cultures have different corporate social responsibility (CSR) thresholds than others due to differences in the operating area, level of business complexity and legal and cultural differences between countries.

Corporate social responsibility is an increasingly growing requirement in today's society, which considers organizations to be institutions that promote social and environmental development.

CSR types can be:

PhilanthropyPreservation of the environmentDiversity and Work PracticesVolunteering

Therefore, each company will identify the best strategy to implement CSR in its processes, in order to create value for stakeholders, increase employee satisfaction, be more competitive and positioned in the operating market.

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A grid-based layout commonly used in website design is called what?

A. Rebus

B. Mondrian

C. Circus

D. Sihouette

Answers

A grid-based layout that is commonly used in the design of a website is called: B. Mondrian.

A website can be defined as a collective name that is used to describe series of webpages that are linked together with the same domain name. Also, all website are hypertext markup language (HTML) documents that contains codes, tags, image, audio, and video files, inserted to make them responsive and interactive with end users.

In Web design, a grid serves as an underlying structure upon which the layout of a website is built. The most commonly used grid-based layout for the design of a website is called Mondrian.

Mondrian is a grid-based layout that can be used to divide spaces on a website into clear sections, in order to enable the smooth navigation and transition of webpages and its contents.

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StayWell Health Insurance is offering a plan with a monthly premium of $240, a deductible of $6500, and maximum out-of-pocket expenses of $10,000. Which of the following people is that plan BEST suited for? *

Answers

The question is about the StayWell Health Insurance plan.

The plan requires a premium to be paid of $240, for a coverage of upto $10,000. The plan can suit the person that can easily afford $240 per month and is expected to claim the out of pocket expenses of $10,000.

A person who's income is more than $1,000 can be suitable for this Health Insurance plan, A person who's income is less than $1,000 can be reluctant to pay $240 as an insurance premium per month when the person have other expenses for example rent, grocery etc.

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3. Lesley bought 4 bags of pretzels and 2 boxes of granola bars for $13.50. Landon bought 1 bag of pretzels and 5 boxes of granola bars for $17.55. What is the cost for one bag of pretzels? What is the cost for a box of granola bars?

Answers

Answer:

Problem 3: Let x = price of bag of pretzels Let y = price of box of granola bars  

We have Lesley's purchase: 4x+2y=13.50

And Landon's: 1x+5y=17.55

We can use the elimination method. Let's negate Landon's purchase by multiplying by -1. -1x-5y=-17.55

We add this four times to Lesley's purchase to eliminate the x variable.

2y-20y=13.50-70.2

-18y=-56.7

y = $3.15 = Price of box of granola bars

Plug back into Landon's purchase to solve for pretzels.

x+5*3.15=17.55

x+15.75=17.55

x = $1.80 = price of bag of pretzels

 

Problem 4.

Let w = number of wood bats sold

Let m = number of metal bats sold

From sales information we have: w + m = 23

24w+30m=606

Substitution works well here. Solve for w in the first equation, w = 23 - m, and plug this into the second.

24*(23-m)+30m=606

552-24m+30m=606

6m=54

m=9 = number of metal bats sold

Therefore since w = 23-m, w = 23-9 = 14. 14 wooden bats were sold.

Explanation:

Answer:

1=1 2+2=4 so lesley gas many ptretzels ans granola bars =mc square

Explanation:

Post Oak Mall contains two department stores, numerous specialty stores, a movies theater, and various restaurants. Since it does not contain any convenience stores, Post Oak Mall is an example of a(n) _____ shopping center.

Answers

Because Post Oak Mall does not contain convenience stores, then, Post Oak Mall is an example of a regional shopping center.

A regional shopping center refers to a large shopping area meant to provide goods and services to people living in a particular area or state

A regional shopping center usually contain at least departmental store and any number of speciality stores.

Hence, because the shopping center does not contain any convenience stores, then, it is a regional shopping center

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The effects of tariffs and quotas are: a(n) __________ in consumers' surplus, and a(n) __________ in producers' surplus.

Answers

Answer:

decrease; increase

Explanation:

If you were reading sales literature about a mutual fund that claimed its objective is to be a single source investment for most equity investors, it would most likely be describing

Answers

Since the literature claimed that the objective of the mutual fund is to be a single source investment for most equity investors, then, it would most likely be describing a short-term investment

Basically, the mutual fund is classified as a short-term investment because of its duration.

Since the literature claims mutual fund is a single source investment for most equity investors, it hows that it is a short-term investment because the fund are usually purchased for less than say 3 years.

In conclusion, the literature would most likely be describing the mutual-fund as a short-term investment

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sorenson’s march 2020 video for marriott employees exhibited characteristics of ________ leadership.

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The sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.

Arne Morris Sorenson is an American hotel executive and served as the hotel president and chief executive officer.

Sorenson's style of leadership entails combination of empathy, personal warmth and iron principle attracted deep admiration throughout the corporate world.

Therefore, the sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.

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Maria has started a lawn care service about a year ago. She did
good work and her customers spread the word. Sales are
increasing quickly! What stage of the product life cycle is
described in this example?
O Introduction
O Growth
O Maturity
O Decline

Answers

I believe it’s growth

Answer:

your answer to this i belive would be growth

Explanation:

From a macroeconomic point of view, increases in ____________ are an addition to aggregate demand, while increases in ___________ are a subtraction from aggregate demand.

Answers

There are different factors that causes changes in demands. An increases in exports are an addition to aggregate demand, while increases in imports are a subtraction from aggregate demand.

When there is an increase in a country's exchange rate increases, note that the net exports will reduce and aggregate expenditure will reduce too at all price level. This therefore implies that Aggregate demand will decrease.

An increase in the exchange rate will decrease aggregate demand when demand is known to be relatively elastic. This is due to exports falling and imports increasing.

An effect of an exchange rate shift is to alter the prices of goods and services produced in a country.

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What motivates you to do a great job at work other than a paycheck?

Answers

Based on personal conviction, the thing that motivates me to do a great job at work other than a paycheck is "Growing my professional network."

What could motivate people aside from paycheck at work?

There are various reasons people can motivate to do a great job aside from the paycheck; some of it includes the following:

Job securityMeeting deadlinesLeadership developmentSense of achievement or successAssisting in the jobBuilding a professional network, etc.

Hence, in this case, it is concluded that there are several reasons individuals could be motivated to do great jobs at work aside from paycheck.

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Becca has $500 to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month and her employer has direct deposit. She plans to only use her bank's ATM four times a month. Bank Account Terms and Conditions Bank Account terms and conditions. Bank B is best for Becca. Which checking account would be best for Becca? Account A Account B Account C Account D.

Answers

People often have different types of account. The checking account that would be best for Becca is Account B

A checking account is known to be a type of bank account that gives room for customers to male quick and easy deposit and withdrawal of their money for daily transactions.

It often includes depositing a check that a person receive, taking out cash with your debit card or setting up direct deposit for your paychecks.

Looking at the Account B in the picture attached you will see that the option be is the best for Becca.

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Answer:

Account B

Explanation:

pro verified this trust

a company that offers services for accessing and using the internet is

Answers

Answer:

An Internet service provider (ISP) is an organization that provides a myriad of services for accessing, using, or participating in the Internet.

What is political environment in a business? Please help

Answers

Political environment is the state, government and its institutions and legislations and the public and private stakeholders who operate and interact with or influence the system.

Consider the different steps of the Waterfall and Agile project management approaches and consider the benefits of each one. Then, reflect on a project that you recently completed. Write 5-10 sentences on which approach you would use choose if you were starting it from scratch, and why. ​

Answers

The waterfall project management approach aims to make the project flow continuous through the phases:

Requirements analysisProjectImplementationIntegrationVerificationMaintenance

In the Agile approach, there are four fundamental principles for creating value, which are:

Individuals and interaction about processes and tools.Job software with comprehensive documentation.Customer collaboration in contract negotiation.Responding to change by following a plan.

The benefits of each of these management approaches are to generate value in the internal and external environment, through greater adaptation to rapid social, economic and technological demands, and through the improvement of quality.

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The qualitative characteristic of using the same accounting method each period over time refers to the concept of

Answers

I’m not sure try looking it up

What is a line extension?

Answers

search it up and find the answer

Explain how market research is different than marketing.

Answers

Answer:

Although both involve consumers, Marketing research is concerned specifically about marketing processes, such as advertising effectiveness and salesforce effectiveness, while market research is concerned specifically with markets and distribution.

Explanation:

Jim paid $250,000 for an apartment building with a fair market value of $260,000. At the time of the sale, the building was appraised at $225,000. For income tax purposes, what would be the basis of the apartment building

Answers

The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.

Basically, the cost basis is the purchase cost which is $225,000.

The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.

In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes

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the difference between a budget and a standard is that:

Answers

Answer:

A budget is a total amount, while a standard expresses only a unit amount.

Explanation:

buy now pay later catalogs for people with bad credit

Answers

According to credit facilities providers, the buy now pays later catalogs for people with bad credit include Ashro, Boscovs, Country Door, Fingerhut, etc.

What is Buy now Pays later?

Buy now Pays later is another name for credit facilities. It is an agreement between borrowers and lenders to get goods or services now in exchange for a commitment to pay at an agreed later time.

There are various Buy now Pays later providers. Some of them include:

FlexshopperBradford ExchangeLeasevilleHSN, etc.

Hence, in this case, it is concluded that various Buy now Pays later providers are out there.

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