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What people use to make decisions?  Why do neoclassical economists not care about whethe

What people use to make decisions?  Why do neoclassical economists not care about whethe

.What people use to make decisions?  Why do neoclassical economists not care about whether a theory incorporates those actual mental processes? Why do behavioral economists consider it helpful to base a theory of economic behavior on the actual mental processes

Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers.  Do these actions constitute systematic errors?  If he gets what he wants each time, are his stupid actions even considered to be errors by economists?  Explain.

2.What people use to make decisions?  Why do neoclassical economists not care about whether a theory incorporates those actual mental processes? Why do behavioral economists consider it helpful to base a theory of economic behavior on the actual mental processes

Abhinav 05-Dec-2019

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