Behavioral economists draw on insights from ________ to explore how people behave in economic settings.
A) experimental psychology
B) experimental biology
C) evolutionary biology
D) astrology
E) theoretical physics

Question

Quizplus · Accepted Answer

Behavioral economics is an interdisciplinary field that combines insights and methods from psychology and economics to study how people make decisions in various economic settings. Therefore, choice A, experimental psychology, is the best option. Choice B, experimental biology, and choice C, evolutionary biology, may have some relevance to understanding human behavior, but they are not as directly related to economic decision-making as psychology. Choice D, astrology, and choice E, theoretical physics, are not relevant to the study of economics at all.

Behavioral Economists Draw on Insights from ________ to Explore How