Behavioral economists accept that people ___________ their well-being but sometimes ________________.
A) try to maximize; make mistakes
B) try to minimize; maximize it
C) try to maximize; maximize their bad choices
D) try to maximize; purposefully engage in less than optimal behavior.

Question

Quizplus · Accepted Answer

Behavioral economists believe that individuals try to maximize their well-being, but sometimes make mistakes. This is because humans are not always rational decision-makers and are subject to biases and heuristics that can lead them to make choices that are not in their best interest.

Behavioral Economists Accept That People ___________ Their Well-Being but Sometimes