Asked by Bryan Raffael on Jul 15, 2024
Verified
The behaviorist economists believe that economic behavior is guided by _________ and ________.
Behaviorist Economists
Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Economic Behavior
The actions taken by individuals, businesses, and governments in producing, distributing, and consuming goods and services, often studied to predict patterns.
- Recognize the influence of behavioral economics on conventional economic theories.
Verified Answer
JH
Learning Objectives
- Recognize the influence of behavioral economics on conventional economic theories.
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