Behavioral economists put significant emphasis on using models to

A) predict decisions, but not so much to understand how those decisions are made.
B) predict decisions and also to understand how those decisions are made.
C) understand decision processes, but not the prediction of the decision itself.
D) understand people's actions, but not what drives people to act in certain ways.

Behavioral Economists

Economists who study the psychological, cognitive, emotional, cultural, and social factors affecting the economic decisions of individuals and institutions.

Models

Simplified representations of complex systems or processes, used to predict outcomes or understand a concept better.

Decision Processes

The series of steps or stages involved in making a choice or selecting an alternative.