Management Homework Help

Behavioural economists have worried there is no such thing as a rational agent. Which of the following

considerations supports this view?

Question 17 options:

a) 

Humans tend to use heuristics or shortcuts in thinking, characterized as fast, stereotypic, subconscious and based on emotions. This type of thinking is frequently mistaken.

b) 

Humans tend to think slowly, logically and in a calculating manner. This is frequently a problem to situations in which fast judgement is required.

c) 

Humans are typically ethical relativists.

d) 

Humans are utilitarian, and many of the consequences of utility theory are unthinking or illogical.