Bounded rationality suggests that
A) individuals might make "incorrect" decisions because they are unable to consider all possible options.
B) individuals would rather have less choice to more choice.
C) rational decisions can only be made when choices are restricted.
D) individuals are happier when their choices are restricted or "bounded."
A
Economics
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A decrease in the price of inputs will cause the supply curve for a product to shift to the right
Indicate whether the statement is true or false
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Which of the following individuals was known for as an early contributor to behavioral economics?
a. Jeremy Bentham b. Herbert Simon c. Milton Friedman d. Ben Bernanke
Economics