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The three major assumptions underlying the economist's theory of choice are (1) decisions can be made costlessly, (2) our preferences are given and not shaped by society, and (3) that individuals maximize utility. Explain why each of those assumptions may not reflect reality. Why may the assumption of "bounded rationality" be more realistic?
Medical Care
The diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in human beings through the application of professional health services.
Compassionate Love
A form of love that involves feeling deep empathy, care, and concern for the wellbeing of another individual, often motivating altruistic behavior.
Prayer
A spiritual practice involving communication or communion with a deity or the divine, often for the purpose of worship, request, or thanksgiving.
Being Spiritual
The practice or quality of being concerned with the human spirit or soul as opposed to material or physical things.
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