Behavioral decision theory draws heavily on ________ and is a rational process in which individuals ________.
A) psychoanalytic theory; are forced to think about the root of their behaviors
B) information-processing theory; naturally advance in cognitive skills
C) economics; calculate the costs and benefits
D) behaviorism; make choices based on rewards and punishments

Question

Quizplus · Accepted Answer

Behavioral decision theory draws heavily on economics and involves individuals making choices based on the calculation of costs and benefits. Option A refers to psychoanalytic theory which is not relevant to behavioral decision theory. Option B refers to information-processing theory which is not directly related to decision-making processes. Option D refers to behaviorism which is not an accurate depiction of the rational decision-making process.

Behavioral Decision Theory Draws Heavily on ________ and Is a Rational