Ask Question
BusinessBusiness
15 October, 08:36

Behavioral economics Group of answer choices studies why people choose not to optimize. studies why people optimize. studies why people sometimes don't optimize. studies why people behave badly when buying and selling.

+5
Answers (2)
  1. 15 October, 11:32
    0
    Studies why people sometimes don't optimize.

    Explanation:

    This is the statement that best describes behavioral economics. Behavioral economics refers to the study of the intersection between psychology and economics. It studies the decision-making process of people and institutions when faced with economic questions. This area of study questions whether the assumptions of economists do in fact reflect the real behaviour of people. It also asks whether individuals generally act in ways that maximize utility.
  2. 15 October, 11:56
    0
    The correct answer is letter "C": studies why people sometimes don't optimize.

    Explanation:

    Behavioral economics studies how individuals make decisions to optimize their benefits. It aims to find out if economist's assumptions of utility and optimization are really accurate compared to their real consumption behavior. The concept usually presumes people analyze the cost-benefit their choices carry to resolve the problem of scarcity which pushes them to make trade-off as efficiently as possible.

    Under such a scenario, behavioral economics would study why people do not optimize in some cases.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Behavioral economics Group of answer choices studies why people choose not to optimize. studies why people optimize. studies why people ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which type of identity theft occurs when a thief uses someone else's identity to commit a crime? Financial Governmental Criminal Medical
Answers (2)
Using the following information, prepare a bank reconciliation for Cullumber Company for May 31, 2022. a. The bank statement balance is $9,100. b. The cash account balance is $6,830. c. Outstanding checks totaled $2,460. d.
Answers (1)
The Admin wants to ensure that within one bundle. Products A and B cannot both be added to the quote. During Configuration, the user should be able to freely switch between these options.
Answers (1)
TP3. LO 5.4How is process costing for a single manufacturing department different from a manufacturing company with multiple departments?
Answers (1)
Everything I guess I know everything I know my friend's name and know my family name I know everyone name in school
Answers (1)
New Questions in Business
What does this quote mean to you: "the head swells, when the mind stops growing"
Answers (2)
When responding to behavioral interview questions, you should briefly explain the situation and describe the problem or task, your action, and its results. True or false?
Answers (1)
Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year? A. Deferred revenues. B. Revenues. C. Expenditures. D. Other financing sources.
Answers (1)
At Afterbadge, a chain of stores that sells computer accessories, all the marketing activities are planned at the company headquarters. These plans are required to be carried out by the employees without any deviation.
Answers (1)
A teacher writes the results of a test on the board: 7 students received a's, 10 students received b's, 18 students received c's, 4 students received d's and 1 student received an f.
Answers (1)
Home » Business » Behavioral economics Group of answer choices studies why people choose not to optimize. studies why people optimize. studies why people sometimes don't optimize. studies why people behave badly when buying and selling.
Sign Up Forgot Password?