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Schelling’s self-forming neighborhood model offers a rational solution to an unintended social outcome: Economics through Transformational Learning Assignment, UCC, Ireland

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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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