When Economists Assume That People Are Rational, They Are Assuming

question 7

True/False

When economists assume that people are rational, they are assuming that people generally agree what is good for human beings.

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Definitions:

Asch Studies

A series of psychological experiments conducted by Solomon Asch, demonstrating the effects of social pressure on conformity.

Line-Length Judgments

The evaluation or estimation of the length of lines, which can be influenced by visual illusions or perceptual biases.

Compliance Tactics

Techniques used to persuade or influence others to agree with or obey a particular request or command.

Chameleon Effect

The unconscious mimicry of the postures, mannerisms, facial expressions, and other behaviors of one's interaction partners, reflecting social adaptation.