What is a characteristic of the field of study called behavioural economics
A)It suggests that humans should be viewed as rational maximizers.
B)It is assumed that voters always impose their preferences on elected officials.
C)Economists make use of insights from the discipline of psychology.
D)Economists return, after many years, to the teachings of Adam Smith.

Question

Quizplus · Accepted Answer

Behavioural economics incorporates psychological insights to understand how people make economic decisions. It recognizes that humans often act irrationally and that emotions and biases play a role in those decisions.

What Is a Characteristic of the Field of Study Called