One criticism of the present-aim standard of rationality is that it:
A)assumes that people's goals are a choice variable.
B)only accounts for a narrow range of observed behavior.
C)cannot explain why people do things that are not in their narrow self-interest.
D)can be used to "explain" virtually any bizarre behavior.

Question

Quizplus · Accepted Answer

The present aim standard of rationality accommodates a much broader range of observed behavior than traditional economic models because it assumes that people efficiently pursue whatever goal they happen to have at the moment of action. This model has been criticized, however, for being too flexible.

One Criticism of the Present-Aim Standard of Rationality Is That