According to behavioral economics research, in which of the following cases would we expect a person to experience no net change in their utility?
When the person gains $100 and loses $100.
When the person gains $250 and loses $100.
When the person gains $100 and loses $250.
When the person gains $100 while everyone else gains $200.
2. Parker's shares of stock in ACME Corporation lost $30 in value, but his shares in XYZ, Inc. gained $90. According to behavioral economics research, how would Parker feel as a result of these changes?
Parker would feel about the same.
Parker would feel better off.
Parker would feel worse off.
Behavioral economics research suggests that the intensity of losses versus gains follows no measurable pattern.
3. Suppose Justine and Sarah are playing the dictator game. Justine is the dictator and has $240 to allocate. Based on repeated experiments of the dictator game, what is the least likely outcome for this game?
$240 for Justine and $0 for Sarah.
$140 for Justine and $100 for Sarah.
$120 for Justine and $120 for Sarah.
$0 for Justine and $240 for Sarah.