If Individuals Behave Irrationally in Some Circumstances, Why Do Economists

Multiple Choice

If individuals behave irrationally in some circumstances, why do economists typically assume that they behave rationally?​

A) ​The assumption of rationality allows economists to make powerful statements that apply the majority of the time.
B) ​The assumption of rationality was used before psychologists discovered ways in which individuals behave irrationally.
C) ​The assumption of rationality is used because economists do not understand principles of psychology.
D) ​The assumption of rationality has yet to be refuted with scientific evidence.