Behavioral economists believe that people:

A) assess current and future options equally well.
B) do not care about fairness,especially if it impairs their ability to get what they want.
C) make errors in decision making because of problems such as bad information,but such errors are random and generally not repeated by the same individual.
D) often succumb to temptation.

Temptation

An urge or desire to perform an action that may be beneficial in the short term but is generally considered unwise or detrimental to long-term goals.

Behavioral Economists

Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.