Solved

Which of the Following Sets of Personal Characteristics Best Reflects

Question 99

Multiple Choice

Which of the following sets of personal characteristics best reflects what behavioral economists assume about how people make decisions?


A) People are irrational, are prone to systematic errors, have stable preferences, and care about fairness.
B) People are rational, adjust for errors, have stable preferences, and easily resist temptation.
C) People care deeply about fairness, eagerly and accurately calculate ways to help others, assess future and present options equally well, and resist temptations in their selflessness.
D) People have preferences that depend on context, avoid and are bad at computation, often give in to temptation, and are often selfless in their behavior.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents