Ec3450summer Examinations 2022/23Behavioural Economics: Theory And Applicationssection A: Answer ALL FOUR Questions1.(A) Tanaka, T., Camerer, C. F., & Nguyen, Q. (2010) Estimate The Coefficient Of Β To Be 0.644 In Their Paper Titled Risk And Time Preferences Linking Experimental And Household Data F

Ec3450summer Examinations 2021/22Behavioral Economics: Theory And Applicationssection A: Answer ALL FOUR Questions1.(A) What Is Mental Accounting? (3 Marks)(B) Mental Accounting Suggests That People Prefer To Segregate Gains And Aggregate Losses. Explain This With The Help Of An Example And A Hypoth...

Ec3450summer Examinations 2020/21Behavioural Economics: Theory And Applicationssection A: Answer ALL FOUR Questions1. The Endowment Effect Is A Manifestation Of Loss Aversion. Comment On This Statement. (18 Marks)2. Describe, With Examples, The Main Principles Behind The Shape Of The Value Function