According to a behavioral economists, people are assumed to have the following three impediments that prevent rational choice:
A) endowment effect, wealth effect, bounded rationality.
B) bounded rationality, bounded self-interest, bounded willpower.
C) bounded self-interest, endowment effect, bounded willpower.
D) bounded willpower, wealth effect, bounded rationality.

Question

Quizplus · Accepted Answer

Behavioral economists identify three main impediments to rational choice: bounded rationality (limited cognitive processing), bounded self-interest (limited self-interest), and bounded willpower (limited self-control).

According to a Behavioral Economists, People Are Assumed to Have