By studying the effects of choice architecture,we can:
A)expand the simplifying assumption that people always make the choices that are best for themselves.
B)blend the ideas of psychology with core economic beliefs.
C)open the possibility that we can no longer tell if someone is making a mistake or choosing something that is maximizing their utility.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

By studying the effects of choice architecture, we can expand the simplifying assumption that people always make the choices that are best for themselves, blend the ideas of psychology with core economic beliefs, and open the possibility that we can no longer tell if someone is making a mistake or choosing something that is maximizing their utility. Therefore, option D is the correct answer.

By Studying the Effects of Choice Architecture,we Can