Asked by
Matthew Mignone
on Dec 19, 2024
Verified
Behavioral economics observes that people generally do not act according to their self-interest.
Self-interest
The pursuit of personal advantage and well-being, often driving economic decisions.
- Absorb the fundamental ideas of behavioral economics and their deviation from neoclassical economics.
- Identify the range of cognitive distortions and their effects on the economics of decision making.
Verified Answer
SN
Learning Objectives
- Absorb the fundamental ideas of behavioral economics and their deviation from neoclassical economics.
- Identify the range of cognitive distortions and their effects on the economics of decision making.
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