According to the adaptive rationality standard, people's goals:
A) are a choice variable, and people may not be efficient at choosing which goals to pursue.
B) are a choice variable, and people's choices about which goals to pursue are made efficiently.
C) are fixed, and people are efficient at pursuing whatever goals they happen to hold at the moment of action.
D) are fixed, and people are often inefficient at pursuing those goals, which explains why people experience regret.
Correct Answer:
Verified
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
Q96: The present aim standard of rationality accommodates
Q97: Widespread behavioral evidence suggests that people:
A)are unable
Q99: _ is the general resistance to change,
Q100: Because every policy change generates winners and
Q101: If a Proposer and a Responder are
Q102: In numerous experiments, researchers have found that
Q103: Traditional economic models assume that people care
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