When we study choice architecture, we recognize that people make:

A. choices which always maximize their well-being.
B. mistakes in seemingly random ways.
C. mistakes in common and predictable ways.
D. choices that rarely maximize their well-being.

Answer: C

Economics

You might also like to view...

Which of the following is a macroeconomic factor that contributed to the financial crisis in 2007?

A) Global saving and investment imbalances B) Financial market innovation C) Deeper levels of integration across financial markets D) Challenges and failures in financial regulation

Economics

How can the average-fixed-cost curve be declining when fixed cost is constant?

Economics