Economists who study behavior mostly conclude that people ________ well-being,but sometimes ________.
A) try to maximize their; make mistakes
B) try to maximize their; maximize the effect of bad choices
C) try to achieve some; change their minds just because "that was then,this is now"
D) don't worry too much about their; get lucky with a good decision
E) believe they maximize their; don't worry too much about it

Question

Quizplus · Accepted Answer

Economists who study behavior generally believe that people try to maximize their well-being, but they may make mistakes in doing so. This aligns with option A, which states that people try to maximize their well-being but sometimes make mistakes. Option B suggests that people try to maximize the effect of bad choices, which is not consistent with the idea of maximizing well-being. Option C proposes that people try to achieve some unspecified goal, which does not reflect the notion of maximizing well-being. Option D suggests that people do not worry too much about their well-being, which is inconsistent with economic thinking. Finally, option E proposes that people believe they maximize their well-being, which is not specific about whether they actually achieve that goal.

Economists Who Study Behavior Mostly Conclude That People ________ Well-Being,but