Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

"I picked the wrong checkout line. I chose a short line and then found out that the person in front of me had three items without price tags."

Which of the following correctly explains how a mainstream economist would describe the reported behavior?

A. Irrational because the wait turned out to be longer than necessary.
B. Rational because all behavior is rational.
C. Irrational because the person forgot to obtain needed information.
D. Rational because it is too costly to ask everyone in line about their items.


Sagot :

Final answer:

Behavioral economists challenge mainstream views on 'irrational behavior' and offer insights into decision-making processes.


Explanation:

Behavioral economists challenge mainstream economists by exploring 'irrational behavior'. This behavior, like focusing more on losses than gains or evaluating outcomes relative to reference points, is seen as common but previously dismissed. It sheds light on systematic behavior and deeper underlying reasons for seemingly irrational decisions.


Learn more about Economics here:

https://brainly.com/question/14787713


Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.