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What is the central premise of behavioral economics? a ) Individuals always make rational economic decisions. b ) Economic behavior is influenced by psychological factors
What is the central premise of behavioral economics? a Individuals always make rational economic decisions. b Economic behavior is influenced by psychological factors and biases. c Economic decisions are solely based on maximizing utility. d Economic agents have perfect information and foresight.
What is the central premise of behavioral economics?
a Individuals always make rational economic decisions.
b Economic behavior is influenced by psychological factors and biases.
c Economic decisions are solely based on maximizing utility.
d Economic agents have perfect information and foresight.
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