Economists who challenge the assumption that people are rational utility maximizers are known as
A) behavioral economists.
B) monetarists.
C) Keynesian economists.
D) supply-siders.

Question

Quizplus · Accepted Answer

Behavioral economists study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions, challenging the traditional assumption that people are rational utility maximizers.

Economists Who Challenge the Assumption That People Are Rational Utility