In your responses, comment on at least two of your peers' posts and share example of how non-rational human behavior can change an economic outcome.

• What are the human behaviors economists should observe when creating economic models? The human behavior that stands out the most to me is the resistance to change. I began free-thinking about this and I'd like to share those thoughts. I am almost 46 years old and technology has changed a lot over those years. When I was young, households had a corded telephone, antenna tv, one vehicle that was shared by both parents, and an original Atari game system. As time went on, cordless telephones, cable tv, and multiple vehicles, became a common thing. In the year 2023, we have smart phones, hundreds of tv channels, and even more vehicles per household than before. Computers are in almost every household. Resistance to change seems to be more common in people that were born in the 1950's and 1960's, at least from my experience. My mom is twenty years older than I am. I have been there when she has upgraded cell-phones and it is very much a learning curve for her. Once she becomes familiar with a cell-phone, then it is time to become familiar with different apps. I see the frustration in my mom's eyes when her phone or an app isn't working properly. She is resistant to change. To go one step further, my grandmother is 87 years old. She hated going from a flip phone to a smart phone. Even now with her smart phone, she only uses it for texting and phone calls. She has no desire to learn anything about her cell-phone. Her resistance to change level is very high. People like me, that were born in the 1970's, seem to be more accepting of change than older people. My feelings are that this is due to the people from my generation and younger seeing constant changes throughout our lives. Advances in technology with computers and cars have made people's lives easier. People growing up accustomed to constant change are more accepting of change. People that are more resistant to change are probably that way because changes they've seen may have had a negative effect on them in some way. Maybe it is because they feared competition from younger employees or more educated employees in the past. My grandmother grew up in hard times. She was taught that risks don't always outweigh the benefits. Coming from a family that had very little money, maybe deep in her mind she never wanted to be like that again. Maybe she thought that she could easily be replaced by someone younger or more educated. In her mind, maybe she thought that she could end up being unemployed and this could lead to her being poor again. If she was less resistant to change, maybe she could have been more open to learning things from a younger or more educated person. This would show initiative and could have made her more valuable at her job.

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