Bundle: Principles of Economics, 8th + MindTap Economics, 1 term (6 months) Printed Access Card
8th Edition
ISBN: 9781337378710
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 22.3, Problem 3QQ
To determine
How the decision-making of humans differ from that of conventional economic theory.
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In what ways do human decision making differ from rational conventional economic theory
Describe 3 ways in which human decision making differs from the rational individual conventional economic theory.
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A) Detail and describe a decision that you made in the past that contradicts the assumption of rationality in standard economic theory? How and why was
it irrational according to standard economic theory?
Chapter 22 Solutions
Bundle: Principles of Economics, 8th + MindTap Economics, 1 term (6 months) Printed Access Card
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