People behave rationally when they
A) follow the advice of government leaders.
B) never have regrets about their decisions.
C) make decisions they think will make themselves better off.
D) make decisions with a focus only on financial outcomes.

Question

Quizplus · Accepted Answer

Rational behavior involves making decisions that are thought to make oneself better off. This does not necessarily require a focus solely on financial outcomes or blindly following the advice of government leaders. It is also natural to experience some regrets or second-guessing of decisions, as long as the decision-making process is still based on rational thought.

People Behave Rationally When They