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If people are as prone to make as many irrational decisions as behaviorists suggest, the rationality of market outcomes can be more rational than those
If people are as prone to make as many irrational decisions as behaviorists suggest, the rationality of market outcomes can be more rational than those of the behaviorists subjects for which of thee following reasons?
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market participants operate in ecological adaptive environments, which means they are more likely to make correct decisions in markets than in laboratories.
entrepreneurs can be expected to develop means by which they can make money by correcting the errant decisions of irrational decision makers.
markets can provide people with economic incentives to use their limited brain resources to consider the expected value of market options than do subjects consider their options in laboratories.
All of the above
None of the above
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