_____ assumes that economic decisions are influenced by human behavior.
A)Rational economics
B)Socialism
C)Capitalism
D)Rational capitalism
E)Behavioral economics

Question

Quizplus · Accepted Answer

Behavioral economics is the field that assumes economic decisions are influenced by human behavior, including cognitive biases and social factors. This is in contrast to rational economics, which assumes that individuals make decisions based solely on a rational analysis of information and available options. Socialism and capitalism are economic systems, while rational capitalism is not a distinct field of study.

_____ Assumes That Economic Decisions Are Influenced by Human Behavior