Home
Listening
Announcements and Academic Talks Test #001
Announcements and Academic Talks
1. What is the main topic of the talk?
A) The history of traditional economics
B) An introduction to a new academic field
C) A review of psychological theories
D) An analysis of financial markets
2. What does the professor use the "framing effect" to illustrate?
A) A flaw in traditional psychology
B) A common financial mistake
C) How presentation affects decision-making
D) A topic for next week's lecture
Professor: Good morning, everyone. Today we're beginning our unit on behavioral economics, which is a fascinating field that combines insights from psychology with economic theory. Traditional economics assumes people are perfectly rational, but behavioral economics explores how psychological factors influence our financial decisions. For example, the 'framing effect' shows that how a choice is presented can drastically change the decision we make, even if the options are identical. We'll be looking at several of these cognitive biases throughout the week.
Highlights
| ID: | #io4829467848 |
Tags
New TOEFL