behavioral economics standard economics psychology behavioral economics what is the standard economic model the standard or neo classical economic model is the way most economists think about consumer welfare and ...
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...Behavioral economics standard psychology what is the economic model or neo classical way most economists think about consumer welfare and choice it you will learn in any introductory microeconomics course rationality relies heavily on assumption that people are rational assumes fully aware of all options they have can always consistently rank their accordance with preferences choose option like best assumptions behavior act full external knowledge information known internal...