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What is behavioral economics? University of Chicago News
WebMar 21, 2024 · Economists assume people behave. A. Rationally. B. Instinctively. C. Irrationally. D. Greedily. 4. The author of the book The Wealth of Nations is: ... In order to study how changing price affects consumer decisions, we must assume all other factors, such as income and prices of other goods are constant. This assumption is best known … Webthat may appear to be irrational, and why people often seem to act against their own self-interest.1 behavioral economics: a subfield of microeconomics that uses insights from … chips memory man
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