Prospect Theory Auctions Taxation, Supply-side Economics Economics and the Environment Miscellaneous
100
What is loss-averse?
According to Prospect Theory, people are this. Which explains why they are willing to take risks to avoid losses.
100
What is an English Auction?
This type of auction involves increasing bids until there is one bidder left.
100
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.
100
What is 20%
The eventual cost of climate change is estimated to be this percent of GDP?
100
What is 2?
What number comes after 1?
200
What is risk-averse?
When facing gains, individuals are this.
200
What is Second-price Auction?
This type of auction involves bidders submitting sealed bids. The highest bid wins, but pays the 2nd highest bid.
200
What is decrease?
Supply-side economist believe that governments should do this to taxes.
200
What is 1%
If tackled promptly, the cost of climate change would cost this percent of GDP.
200
What is
What is the square root of 144?
300
What is risk-loving?
When facing losses, individuals are this.
300
What is the Winner's Curse?
This concept says the item goes to the bidder who over values it the most.
300
What is less, and less.
If taxes are too high workers are encouraged to work blank, and so play blank taxes overall.
300
What is 2.5%?
Without intervention, economic damages from climate change is estimated to be around this percent of world output by year 2099.
300
What is 206?
The average human body has this many bones in it.
400
What is utility theory?
This theory opposes Prospect Theory.
400
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.
400
What is a maximum?
Somewhere between 0 and 100% lies the point where tax revenue is at this?
400
What is collective government intervention on a global scale?
This economic action is needed in order combat environmental problems.
400
What is Rome?
This city is the capital of Italy.
500
What is risk and uncertainty?
Prospect Theory involves making decisions under this and this?
500
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.
500
What are Demand-side/Common Sense, and Supply-side?
What are the two opposing economist views on taxes?
500
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)
500
What is 25?
I am this age.






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