Based on numerous experiments, psychologists demonstrated that the actions of decision makers are inconsistent with the assumptions made by ________.

Question

Quizplus · Accepted Answer

The statement indicates that the actions of decision makers contradict the assumptions made by economists, who typically base their models on the assumption of rational behavior and consistent preferences. Psychologists have shown that people often behave in ways that deviate from these theoretical assumptions, suggesting that a more nuanced and realistic model of decision making is needed. Sociologists and physicists may also study decision making, but the statement specifically refers to inconsistencies with assumptions made by economists.

Based on Numerous Experiments, Psychologists Demonstrated That the Actions of Decision