Behavioral economics is a descriptive theory it attempts to


Behavioral economics is a descriptive theory: it attempts to model how people actually behave. Neoclassical economics is at least partially a normative theory - it says how people should behave in order to act rationally. Do you believe that people should strive to behave “rationally” and avoid behavioral effects, or is that not a worthwhile goal? Why or why not?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Behavioral economics is a descriptive theory it attempts to
Reference No:- TGS02221609

Expected delivery within 24 Hours