The adaptive rationality standard:
A) assumes that people's goals are themselves a choice variable and that people's choices about which goals to pursue are made efficiently.
B) takes people's goals as given and assumes that people are efficient at pursuing whatever goals they happen to hold at the moment of action.
C) assumes that people act in their own self-interest because cooperating with others is irrational.
D) argues that people are only able behave rationally if they are aware of how their actions affect others.
Correct Answer:
Verified
Q85: A game in which the first player
Q86: The general resistance to change, often stemming
Q87: When it comes to enacting policy changes,
Q88: The _ assumes that people choose efficient
Q89: Traditional economic models cannot explain why:
A)some people
Q91: According to the adaptive rationality standard, individuals:
A)are
Q92: The _ accommodates a much broader range
Q93: One criticism of the present-aim standard of
Q94: The present aim standard of rationality:
A)assumes that
Q95: The _ is a game in which
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