Can human beings always make rational decisions
A)No, it is not always rational in the real world, even though rationality is an important assumption in most economic models.
B)Yes, it is almost always rational in the real world, even though rationality is not an important assumption in most economic models.
C)Yes, it is less complex than is assumed in conventional economic theory.
D)No, in the real world, it has very little to do with either economics or psychology.

Question

Quizplus · Accepted Answer

While rationality is an important assumption in most economic models, in the real world, external factors such as emotions, biases, limited information, and social influence can impact decision-making and make it irrational. Therefore, human beings cannot always make rational decisions.

Can Human Beings Always Make Rational Decisions