Which of the following statements is true?
A) Optimization requires individuals to foresee the future perfectly.
B) An optimizing individual need not consider the risks involved in various choices.
C) An optimizing individual is also likely to exhibit rationality.
D) The less information that is available, the easier it is to make optimal decisions.

Question

Quizplus · Accepted Answer

An optimizing individual is one who considers all available options and tries to make the best decision possible based on the information available. This requires rational thinking and weighing the potential risks and benefits of different choices. It does not require perfect foresight, but rather an ability to gather and analyze information to the best of their ability. Additionally, having more information available generally leads to more optimal decisions, so choice D is incorrect.

Which of the Following Statements Is True