1.What is the "objectivist position" in economics?

2.What are the two main assumptions of the "ordinalist revolution"

3.What are the 3 types of utility and give brief (one line) definitions?

4.What are the intrinsic vs. extrinsic characteristics? (give an example of each)

5.Research shows that on average we overconsume _____ and under consume ____

6.Name some of the reasons we make mistakes in predicting our utility (name as many as you can, there are total of 5)

7.What is the "peak-end" rule?

8.Demonstrate on a simple graph what economists would mean by "overconsuming" one good and "underconsuming" another good.