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9. Behavioral economics Indicate whether each of the following examples of behavior is consistent with the way the traditional economic framework suggests people should act,
9. Behavioral economics Indicate whether each of the following examples of behavior is consistent with the way the traditional economic framework suggests people should act, or whether it is reserved for behavioral economists to examine. Consistent with Traditional Exclusive to Behavioral Behavior Economic Model predictions Economic theory People at all-you-can-eat restaurants eventually leave, even though they O O could continue eating for free. There are people who pursue a degree in art history rather than engineering, even though engineering careers are usually much higher- O O paying. Some people treat $80 they earn differently from $80 they receive as a O O present. Some people care more about how much money they make relative to O O others in their social network rather than their absolute income level
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