Ask Question
BusinessBusiness
19 September, 17:31

Behavioral economics A. studies why people optimize. B. studies why people choose not to optimize. C. studies why people sometimes don't optimize. D. studies why people behave badly when buying and selling.

+4
Answers (1)
  1. 19 September, 17:45
    0
    B. Studies why people sometimes don't optimize

    Explanation:

    Behavioral economics is the combination of psychology and economics applied to explain why individuals sometimes behave irrationally and don't make optimal economic decisions.

    Behavioral economics takes into account human factors such as emotions, influence etc and cites them as one of the reasons as to why individuals act irrationally sometimes.

    For example, most of our buying decision are influenced by what our peers buy and many a times lead us into buying those articles which we don't actually require.

    Thus, behavioral economics (C). studies why people sometimes don't optimize.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Behavioral economics A. studies why people optimize. B. studies why people choose not to optimize. C. studies why people sometimes don't ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The product of sports marketing at the university of alabama are seats at the home games. a. True b. False
Answers (1)
Which of the following is an organizational factor that increases illegitimate political behavior? a. internal locus of control b. high trust zero-sum reward practice c. low organizational investment d. low expectations of success
Answers (1)
What can low-income countries do in order to increase the amount of loanable funds available to firms for investment projects such as new factories or improved technology?
Answers (1)
The pricing variable is closely related to the other four elements of the market mix. however, price differs dramatically from product, placement, and promotion in terms of the speed with which it can be changed.
Answers (1)
Which situation is the best example of competition in an economic system? a. A restaurant just opened down the block from a movie theater, and the restaurant owner hopes to attract diners after each movie. b.
Answers (1)
New Questions in Business
Lewis Inc. had the following information taken from various accounts for 2015: Sales Discounts $41,000 Unearned Revenue $32,000 Total Sales $459,000 Purchase Discounts $15,000 Sales Allowances $35,000 Accounts Receivable $205,000 What was Lewis Inc.
Answers (1)
True or False: The basic economic theory of supply and demand suggests that when price drops, consumers will buy more and thus generate stronger demand.
Answers (1)
If you think carefully about what you're doing, always ask for advice when you need it, and keep asking questions, starting a business can be
Answers (2)
16. What size paper should you use for a legal document? A. 3" x 5" B. 8/2" x 11" C. 872" x 14" D. 74" x 1072"
Answers (2)
Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $3 per bushel, and 5 million
Answers (1)
Home » Business » Behavioral economics A. studies why people optimize. B. studies why people choose not to optimize. C. studies why people sometimes don't optimize. D. studies why people behave badly when buying and selling.
Sign Up Forgot Password?