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Question
When comparing the standard models in the respective fields of economics and psychology, it is clear that
a. both economists and psychologists always assume that people always behave in a fully rational way.
b. both economists and psychologists always assume that people do not act in a fully rational way.
c. neither economists nor psychologists always assume that people always behave in a fully rational way.
d. economists generally assume that people always behave in a rational way, whereas psychologists generally do not.
e. psychologists generally assume that people always behave in a rational way, whereas economists generally do not.
Answer
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