Prospect Theory | Auctions | Taxation, Supply-side Economics | Economics and the Environment | Miscellaneous |
---|---|---|---|---|
What is loss-averse?
According to Prospect Theory, people are this. Which explains why they are willing to take risks to avoid losses.
|
What is an English Auction?
This type of auction involves increasing bids until there is one bidder left.
|
What is 100%?
At this level of taxes, no one will bother to work because they don't get to keep any of the money they earn.
|
What is 20%
The eventual cost of climate change is estimated to be this percent of GDP?
|
What is 2?
What number comes after 1?
|
What is risk-averse?
When facing gains, individuals are this.
|
What is Second-price Auction?
This type of auction involves bidders submitting sealed bids. The highest bid wins, but pays the 2nd highest bid.
|
What is decrease?
Supply-side economist believe that governments should do this to taxes.
|
What is 1%
If tackled promptly, the cost of climate change would cost this percent of GDP.
|
What is
What is the square root of 144?
|
What is risk-loving?
When facing losses, individuals are this.
|
What is the Winner's Curse?
This concept says the item goes to the bidder who over values it the most.
|
What is less, and less.
If taxes are too high workers are encouraged to work blank, and so play blank taxes overall.
|
What is 2.5%?
Without intervention, economic damages from climate change is estimated to be around this percent of world output by year 2099.
|
What is 206?
The average human body has this many bones in it.
|
What is utility theory?
This theory opposes Prospect Theory.
|
What is shading?
This idea states that it is better for bidders to bid less than their valuation, otherwise they may end up paying over the odds.
|
What is a maximum?
Somewhere between 0 and 100% lies the point where tax revenue is at this?
|
What is collective government intervention on a global scale?
This economic action is needed in order combat environmental problems.
|
What is Rome?
This city is the capital of Italy.
|
What is risk and uncertainty?
Prospect Theory involves making decisions under this and this?
|
What is Revenue Equivalence Theory?
This theory states that when bidders value items independently, all for types of auctions yield the same revenue for sellers.
|
What are Demand-side/Common Sense, and Supply-side?
What are the two opposing economist views on taxes?
|
What are climate change, depletion of natural resources and fossil fuels, and global warming?
These these three things are considered a cost of economic prosperity. (Name 2)
|
What is 25?
I am this age.
|