Rather than looking at information, analyzing it rationally and then basing their decisions on the evidence available, some people just respond to the behavior of other people. This is called _____________.
A) behavioural economics
B) consumer behaviour
C) herd mentality
D) consulting

Question

Quizplus · Accepted Answer

The described behavior is known as herd mentality, where individuals base their decisions on the actions of those around them rather than analyzing the evidence and making a rational decision. Choices A, B, and D do not accurately describe this behavior. Behavioral economics may involve studying how people make decisions, but it is not necessarily based on herd mentality. Consumer behavior is a broader field that includes various factors that influence purchase decisions, including rational analysis. Consulting is a profession that involves providing advice and guidance on various topics, but it is not a specific behavior.

Rather Than Looking at Information, Analyzing It Rationally and Then