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 of these is NOT a federal spending category? Contractionary Mandatory Fiscally O Monetarily 0 Discretionary
Answers (1)
Wayne has trouble remembering the last four digits of his new phone number (4422) until he makes the connection that the last two digits are exactly half of the first two digits.
Answers (1)
Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, the best standard form contracts are those prepared and approved by which of the following parties? A. Office supply firm B. Seller C.
Answers (2)
According to the Census Bureau, in October 2016, the average house price in the United States was $354,900. In October 2000, the average price was $215,100.
Answers (1)
Claire is on her way to her job at a call center where she was planning on spending three hours. She can drop in and work any hour she wants to and earn $12 per hour. Her friend calls and invites her to spend the next three hours bungee jumping.
Answers (1)
New Questions in Business
Ratchet Manufacturing's August sales budget calls for sales of 8,000 units. Each month's sales are expected to exceed the prior month's results by 5%. The product selling price is $25 per unit.
Answers (1)
Item 8Item 8 Rick's Cafe is a new restaurant in town. It has Rick, (the owner), five waitstaff, two cooks, a busboy, and a hostess. He is considering hiring a manager for the restaurant and asks for your thoughts. What advice would you give him?
Answers (1)
In our lecture about Strategic fit, we learned that a company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services, and its supply chain strategy determines the nature of procurement and
Answers (1)
George Kyparisis owns a company that manufactures sailboats. Actual demand for George's sailboats during each of the past four seasons was as follows: Year Season 1 2 3 4 Winter 1 comma 440 1 comma 240 1 comma 000 920 Spring 1 comma 500 1 comma 440
Answers (1)
Gabrielle and Juan both decided to skip buying health insurance coverage this year. Gabrielle has a really good immune system, and she hasn't needed to visit the doctor in a long time.
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?