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Samyra Gilliam
on Oct 08, 2024

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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.
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Aaliyah MilesOct 14, 2024
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