Midterm Sample Questions.pdf - Midterm Example Questions Behavioral Economics Economics 4374 The problems below are examples of the types of questions

Midterm Sample Questions.pdf - Midterm Example Questions...

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Midterm Example Questions Behavioral Economics: Economics 4374 The problems below are examples of the types of questions that you could see on the midterm. These do not cover all possible material that will be covered. Anything from the lectures, assignments, and assigned readings can be asked about. I may choose one of these questions to include on the exam. Good luck! 1. Explain the following behavior using prospect theory by answering three questions: (i) What outcome is being evaluated in a reference-dependent way? (ii) What is the reference point? (iii) What feature of prospect theory explains the behavior and how? (a) In the movie, “Moneyball,” the general manager of the Oakland Athletics baseball team says “I hate losing more than I even wanna win.” (i) What outcome is being evaluated in a reference-dependent way? (ii) What is the reference point? (iii) What feature of prospect theory explains the behavior and how?
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  • Fall '17
  • Willa Friedman

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