Which of the following is a feature of a behavioral economic model?
A)It focuses on cognitive,emotional,and social factors that affect individual decisions.
B)It considers incentives an unimportant tool to study human behavior.
C)It suggests that individuals always behave rationally.
D)It is based on marginal analysis in decision making.

Question

Quizplus · Accepted Answer

Behavioral economic models take into account the cognitive, emotional, and social factors that affect individual decisions, which distinguishes them from traditional economic models that assume rational decision making based solely on maximizing individual utility. Therefore, option A is the correct answer. The other options are incorrect because they don't fit with the features of a behavioral economic model.

Which of the Following Is a Feature of a Behavioral