Which of the following is an example of a concept from behavioral economics?
A) compartmentalizing
B) the endowment effect
C) behavior based on perceived fairness
D) all of the above

Question

Quizplus · Accepted Answer

All three options are examples of concepts from behavioral economics. Compartmentalizing involves separating financial decisions into different mental accounts, the endowment effect refers to the tendency for individuals to value items they own more than identical items they do not own, and behavior based on perceived fairness explores how people's decisions are influenced by a sense of fairness or justice, rather than solely on rational economic factors.

Which of the Following Is an Example of a Concept