According to Proponents of Behavioral Economics, Because Every Possible Choice

question 302

Multiple Choice

According to proponents of behavioral economics, because every possible choice cannot be considered, an individual will tend to fall back on methods of making decisions that are simpler than trying to sort through every single possibility, known as

• A) rules of thumb.
• B) rational options.
• C) irrational choices.
• D) normative decisions.

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Definitions:

Dermal Papillae

Small, nipple-like extensions of the dermis into the epidermis, increasing the surface area for exchange of gases, nutrients, and waste.

Epidermis

The outermost layer of the skin that provides a waterproof barrier and creates our skin tone.

Dermis

A dense layer of vital tissue beneath the outer skin, known as the true skin, which houses sweat glands, hair follicles, and connective tissue.

Epidermis

This layer, sitting at the exterior of the skin, acts as a waterproof barrier and dictates the hue of our skin.