Schelling’s self-forming neighborhood model offers a rational solution to an unintended social outcome: Economics through Transformational Learning Assignment, UCC, Ireland
| University | University College Cork (UCC) |
| Subject | Economics through Transformational Learning |
Question 2
Q1. Is the following statement true or false: Schelling’s self-forming neighborhood model offers a rational solution to an unintended/irrational social outcome.
Q2. Is the following statement true or false: Guessing between 12-15 in the 2/3rds of the average game represents ‘second level thinking’.
Q3. Is the following statement true or false: In dictator games, all participants who play as dictators hand over offers in the range of 25% to 50% of the fixed endowment.
Q4. Is the following statement true or false: the understanding rational choice is essential to behavioral economics.
Q5. Is the following statement true or false: the endowment effect primarily illustrates a breach in the assumption of non-satiation.
Q6. Is the following statement true or false: For a sunk cost bias to exist payment must be made before consumption and the investment must be irretrievable.
Q7. Is the following statement true or false: The hyperbolic discounting model studied in EC2018 considers the decision maker as two selves.
Q8. Is the following statement true or false: Choosing to eat the treat in the marshmallow test before the experimenter returns is irrational.
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