Behavioral economics
A)helps explain why economic decision makers maximize either utility or profit
B)assumes that people behave "as if" they are maximizing something.
C)is a subfield of economics,but one that is rejected by most economists
D)explains why irrational behavior is better than typically "rational" behavior.
E)points out that some human behavior is not consistent with any type of maximization

Question

Quizplus · Accepted Answer

Behavioral economics highlights that human behavior often deviates from traditional economic models of rationality and maximization, acknowledging that people sometimes act in ways that do not align with maximizing utility or profit.

Behavioral Economics