Behavioral Economic Theories Are Developed Based on the Following, Except

question 6

Multiple Choice

Behavioral economic theories are developed based on the following, except

• A)assuming that people always make rational decisions and choices.
• B)observing people's actual behavior, including irrational behavior.
• C)trying to explain people's tendency to make systematic errors in certain situations.
• D)dropping the neoclassical assumption that people are fundamentally rational.

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Definitions:

Operating System

The base software that manages computer hardware and software resources, and provides common services for computer programs.

MS-DOS

Short for Microsoft Disk Operating System, it's a non-graphical command line operating system used in the early days of personal computing.

Interface

A shared boundary across which two separate components of a computer system exchange information.

Path Separator

The backslash mark (\) used by Microsoft Windows and DOS in file names. Mac files use a colon (:), and UNIX and Linux use the forward slash (/) as the path separator.