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Does the principle of optimization imply that people always make the best choices? Part 2 A . No , because people do not have full
Does the principle of optimization imply that people always make the best choices?
Part
A
No because people do not have full information.
B
No because people are irrational.
C
Yes it is a good approximation for the decisions people make.
D
Yes because people make perfect calculations.
E
It cannot be tested without more data.
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