Economists generally assume that people act in their own interest, but the field of _____ economics examines the idea that those interests might not be what you expect and that sometimes consumers make mistakes.
A) financial
B) behavioral
C) classical
D) New Keynesian

Question

Quizplus · Accepted Answer

Behavioral economics explores how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions, diverging from the assumption that individuals always act in their own rational self-interest.

Economists Generally Assume That People Act in Their Own Interest