Multiple Choice
If someone asked you to predict the price of gas in a month, and you decided to guess by adding a few cents to the current price of gas, your answer would exhibit:
A) anchoring.
B) time inconsistency.
C) rational expectations.
D) transitivity.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q30: Suppose Maya announces that she would like
Q31: Commitment devices are:<br>A)mechanisms that allow people to
Q32: A default rule:<br>A)is a consequence that users
Q33: Jian receives a letter from his alma
Q34: Suppose you are in charge of marketing
Q36: A local government is considering replacing a
Q37: Loss aversion is:<br>A)a general tendency to prefer
Q38: When it's not clear how to translate
Q39: Agreeing to accompany a friend to the
Q40: Jim, an avid biker, breaks his leg