Which of the following is NOT an alleged "unrealistic" assumption that proponents of behavioral economics suggest are commonly utilized in traditional economic models based on the rationality assumption?
A) unbounded selfishness
B) unbounded rationality
C) unbounded will power
D) unbounded resources

Question

Quizplus · Accepted Answer

Proponents of behavioral economics suggest that traditional economic models based on the rationality assumption often assume unbounded selfishness, unbounded rationality, and unbounded willpower. However, they do not assume unbounded resources as scarcity is a fundamental principle in economics.

Which of the Following Is NOT an Alleged "Unrealistic" Assumption