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Most People Make Some Decisions Based on Intuition Rather Than

Question 50

Multiple Choice

Most people make some decisions based on intuition rather than calculation. This is:


A) irrational, because intuition is often wrong.
B) consistent with the economic model of decision-making, because calculating costs and benefits leads to decision-making pitfalls.
C) consistent with the economic model because people intuitively compare the relative costs and benefits of the choices they face.
D) inconsistent with the economic model, but rational because intuition takes into account non-financial considerations.

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