Behavioral Econ - questions from reading quizzes

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Last updated 9:30 PM on 9/19/26
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5 Terms

1
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Which paternalism and author is more "cautious" in its ethical approach? 

Asymmetric Paternalism, Camerer, Rabin, et al

2
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What three reasons did Camerer, Rabin, et al give for status quo bias

omission-comission bias, procrastination, loss aversion

3
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what is status quo bias?

tendency for people to stick with “default”, regardless of what it is

4
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According to the Veritasium game theory video, what is the name of the game that won out in the tournaments (and many other conditions)?  Also give a brief description of how it works. 

Tit-for-tat. Cooperate first and always until the other person defects. Then defect once, and cooperate, as long as they do.

5
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According to the Veritasium video on game theory, Axelrod (the author he interviewed) identified several traits of successful players of game theory.  Which of the following were the four traits he identified?  

Nice, Forgiving, retaliatory, clear