According to Proponents of Behavioral Economics, Because Every Possible Choice

question 302

Multiple Choice

According to proponents of behavioral economics, because every possible choice cannot be considered, an individual will tend to fall back on methods of making decisions that are simpler than trying to sort through every single possibility, known as

• A) rules of thumb.
• B) rational options.
• C) irrational choices.
• D) normative decisions.

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