Asked by Sanna Gunnarsson on May 21, 2024
Verified
The school of economic thought that recently has questioned a core belief among economists that people's actions are guided by rational,unemotional self-interest is the ______________ school.
Rational
Characterized by clear and logical thinking, often with regard to fulfilling one's personal goals or making decisions based on empirical evidence and reasoning.
Unemotional Self-interest
Refers to actions motivated purely by personal gain without regard to emotions or moral considerations.
- Acknowledge the impact of behavioral economics on traditional economic theory.
Verified Answer
VA
Learning Objectives
- Acknowledge the impact of behavioral economics on traditional economic theory.
Related questions
The Behaviorist Economists Believe That Economic Behavior Is Guided by ...
Suppose That After an Increase in Price, a Consumer Chooses ...
A More Realistic Theory Than the Traditional Theory of Consumer ...
The Assumption That Consumers Have Clear Preferences Is ...
After Learning About Behavioral Economics, It Is Clear That ...