The study of how economic decision making is influenced by the limits of the human mind is called _____ economics.
A) labor
B) mindful
C) environmental
D) behavioral

Question

Quizplus · Accepted Answer

Behavioral economics combines insights from psychology, judgment, and decision making with economics to better understand how people make economic decisions. It acknowledges that humans do not always act rationally due to cognitive biases, emotions, and social influences.

The Study of How Economic Decision Making Is Influenced by the Limits