Multiple Choice
Behavioral economic theories are developed based on the following, except
A) assuming that people always make rational decisions and choices.
B) observing people's actual behavior, including irrational behavior.
C) trying to explain people's tendency to make systematic errors in certain situations.
D) dropping the neoclassical assumption that people are fundamentally rational.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: John's friend Rosika won a major lottery
Q2: Augi carefully plans out an early morning
Q3: The fact that specific areas of the
Q4: "Nudges" refer to<br>A)subtle changes in policies or
Q5: Between System 1 and System 2 in
Q7: That people tend to hold on to
Q8: Rosa received a corgi pillow as a
Q9: In sunny parts of the country, solar
Q10: Neoclassical economics does not hold which of
Q11: The BIT helped poor people in the