Behavioral economists have discovered that
A) transitivity of preferences always holds, even in animals.
B) the law of demand does not hold in controlled experiments.
C) transitivity of preferences does not always hold, especially for young people.
D) reflexivity of preferences is not true.

Question

Quizplus · Accepted Answer

Behavioral economists have discovered that transitivity of preferences does not always hold, especially for young people. This means that preferences may not always be consistent or logical, which challenges traditional economic models.

Behavioral Economists Have Discovered That