Critically assess the extent to which market failure and behavioural bias theory can be used to explain bank failures during the 2008 financial crisis, referring to evidence from of at least one bank failure during that financial crisis.
evelop a survey about Corona from the perspective of human security. Encompassing economic, food, health, environmental, personal, community and political security, this concept is sufficiently broad to capture most aspects you are interested in. At the same time, human security is a sufficiently established concept that allows for analytical depth in the discussions of the findings from the survey.
Explain the following example both in terms of anchoring effect and in terms of projection bias.
“Subjects tasted a spoonful of plain yogurt and immediately rated their experience. They were then asked to predict how they would rate the experience of consuming a full cup of the same yogurt….”,
2. Explain why the phenomenon of cognitive dissonance, as exemplified by the fable of sour grapes(Aesop), contradicts standard theory.