Is Utility Theory an Accurate Description of Human Decision Making

Multiple Choice

Is utility theory an accurate description of human decision making? If it is not, why not?

A) Yes, it is an accurate description of human decision making.
B) No. People don't consider the risks associated with each option.
C) No. People are influenced by factors in addition to those described by utility theory, such as the way the options are described.
D) No. Utility theory doesn't incorporate the desirability of each option as a factor in decision making.