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Behavioral Economists

Question 1

Multiple Choice

Behavioral economists:


A) rely primarily on data drawn from the real world.
B) typically assume that each individual has well-defined objectives, that there is a connection between an individual's objectives and actions and that the actions chosen affect an individual's well-being.
C) avoid mathematical models of behavior, as they do not adequately describe real world actions.
D) typically assume that each individual has well-defined objectives and avoid mathematical models of behavior, as they do not adequately describe real world actions.

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