What Is the Behavioral Economics Approach

question 9

Multiple Choice

What is the behavioral economics approach?

• A) The approach that represents behavior demonstrated when people decide economic problems
• B) The approach that investigates why people predictably make irrational decisions
• C) The approach that was named after the Nobel prize winning economic developers
• D) The approach that measures behaviors economically and attempts to account for the way people actually make decisions

---

Definitions:

Outside Directors

Board members who are not part of the company's executive team, providing independent oversight.

Board Of Directors

A group of individuals elected to represent shareholders and oversee the management and policy decisions of an organization.

Priority Directors

Directors within a corporation or board who are given precedence for specific tasks or decision-making processes.

Government Agencies

Organizations established by a government to carry out specific government functions.