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Decision Making and Rational Behaviour
'N/A'
5
Economics
Undergraduate 1
11/18/2012

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Cards

Term
Rational
Definition
Based on or in accordance with reason or logic. (adj)

ex:Studying for the exam is a rational choice.
Term
─░ncentives
Definition
A thing that motivates or encourages someone to do something (noun)

ex:give farmers an incentive to improve their land.
Term
Controversy
Definition
Prolonged public disagreement or heated discussion (noun)

ex: The announcement ended a protracted controversy.
Term
Budget
Definition
An estimate of income and expenditure for a set period of time (noun)

ex: Every family has a budget for their spendings.
Term
Assumption
Definition
A thing that is accepted as true or as certain to happen, without proof (noun)

ex: There many assumptions for the death of Diane.
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