When Comparing the Standard Models in the Respective Fields of Economics

question 15

Multiple Choice

When comparing the standard models in the respective fields of economics and psychology, it is clear that:

• A) both economists and psychologists always assume that people behave in a fully rational way.
• B) both economists and psychologists always assume that people do not act in a fully rational way.
• C) neither economists nor psychologists always assume that people behave in a fully rational way.
• D) economists generally assume that people behave in a rational way, whereas psychologists generally do not.
• E) psychologists generally assume that people behave in a rational way, whereas economists generally do not.