Which of the Following Is True of Behavioral Economics

question 11

Multiple Choice

Which of the following is true of behavioral economics?

• A) It uses insights solely from economics and mathematics.
• B) It shows that people always behave rationally.
• C) It finds that people behave in a predictable manner.
• D) It indicates that people invariably act in their best interests.
• E) It draws insights primarily from sociology.

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Definitions:

Construct System

A psychological framework comprising an individual's core beliefs and values that guides perceptions and interpretations of the world.

Past Reinforcements

The influence of previously experienced rewards or punishments on present behavior, a concept frequently discussed in behaviorism and conditioning theories.

Dichotomized Construct

A concept or variable that is divided into two mutually exclusive categories or groups.

Genetically Determined

Refers to traits or characteristics that are specified by an individual's DNA.