In the field of behavioral economics, what appears to be irrational economic behavior
A) is often predictable.
B) is actually rational.
C) does not demonstrate any pattern.
D) is unrelated to the concept of utility or happiness.

Question

Quizplus · Accepted Answer

Behavioral economics shows that what seems to be irrational economic behavior is often predictable based on psychological factors, indicating that humans don't always act in economically rational ways but do so in ways that can be anticipated.

In the Field of Behavioral Economics, What Appears to Be