The idea that people will not consciously make decisions that make them worse off is known as
A) rationality assumption.
B) the decision duality.
C) Adam Smith's doctrine.
D) incentive assumption.

Question

Quizplus · Accepted Answer

The rationality assumption is the belief that individuals will always make choices that benefit them and not consciously choose options that leave them worse off. This concept is used frequently in economics and decision-making theory. The other answer choices are not related to this concept.

The Idea That People Will Not Consciously Make Decisions That