The Insights of Behavioural Economics Suggest That Assuming Rational Behaviour

question 25

True/False

The insights of behavioural economics suggest that assuming rational behaviour of consumers is not always correct.

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Definitions:

Positive Attitudes

Describes a mindset that focuses on the good aspects of situations, promotes optimism, and contributes to well-being.

Value Diversity

Appreciating and respecting the variety of differences in individuals, including culture, race, religion, gender, and sexual orientation.

Values, Attitudes, Behaviors

Core beliefs or principles that influence how individuals perceive the world and drive their actions and reactions.

Mistrusting Attitude

A disposition of doubtfulness or skepticism towards the intentions or integrity of others.