Which of the following is true of behavioral economies?
A) It uses insights solely from economics and mathematics.
B) It shows that people always behave rationally.
C) It finds that people behave in a predictable manner.
D) It indicates that people invariably act in their best interests.
E) It is a branch of differential psychology.

Question

Quizplus · Accepted Answer

Behavioral economics is a branch of economics that uses insights from sociology and psychology. It finds that people often behave irrationally, although still predictably, and not in their own best interests.

Which of the Following Is True of Behavioral Economies