If information processing was perfect, many studies conclude that individuals would tend to make __________ decisions using that information due to __________.
A) less than fully rational; behavioral biases
B) fully rational; behavioral biases
C) less than fully rational; fundamental risk
D) fully rational; fundamental risk
E) fully rational; utility maximization

Question

Quizplus · Accepted Answer

Individuals would tend to make less than fully rational decisions using that information due to behavioral biases.

If Information Processing Was Perfect, Many Studies Conclude That Individuals