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Amanda Dunham
on Nov 25, 2024

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Behavioral economists believe that the human brain is generally

A) efficient and accurate.
B) efficient but prone to errors.
C) inefficient but accurate.
D) inefficient and prone to errors.

Prone To Errors

Having a high likelihood of making mistakes or encountering inaccuracies.

Inefficient

A situation or process that does not make the best or most effective use of resources, time, or energy.

Human Brain

The central organ of the human nervous system, responsible for thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

  • Appreciate the contribution of behavioral economics to understanding the influence of cognitive biases and heuristics on decision processes.
  • Comprehend the principle of "bounded rationality" and its importance within the field of behavioral economics.
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Nicole ThomasNov 28, 2024
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