Asked by
Samyra Gilliam
on Oct 08, 2024Verified
Behavioral economists believe that the human brain is generally:
A) efficient and accurate.
B) efficient but prone to errors.
C) inefficient but accurate.
D) inefficient and prone to errors.
Human Brain
The human brain is the organ located in the head of humans that controls thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.
Behavioral Economists
Professionals who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Prone To Errors
Characterized by a higher likelihood or tendency to make mistakes or inaccuracies.
- Notice the sway of heuristics and cognitive biases over the mechanisms of making decisions.
- Describe the role of System 1 and System 2 thinking in decision making.
Verified Answer
AM
Learning Objectives
- Notice the sway of heuristics and cognitive biases over the mechanisms of making decisions.
- Describe the role of System 1 and System 2 thinking in decision making.