If information processing was perfect, many studies conclude that individuals would tend to make __________ decisions using that information due to __________.
A)less than fully rational; behavioral biases
B)fully rational; behavioral biases
C)less than fully rational; fundamental risk
D)fully rational; fundamental risk

Question

Quizplus · Accepted Answer

Even with perfect information processing, individuals are prone to behavioral biases that can lead to less than fully rational decision-making.

If Information Processing Was Perfect, Many Studies Conclude That Individuals