Distinguish between behavioral and neoclassical economics. What are the relative merits of each approach? Would you expect

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Distinguish between behavioral and neoclassical economics. What are the relative merits of each approach? Would you expect the relative merits to change as knowledge advances?

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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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Question Posted: Oct 07, 2016 11:58 AM

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Distinguish between behavioral and neoclassical economics. What are the relative merits of each approach? Would you expect

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Neoclassical economics assumes that an individual behaves rationally and tries to maximize his or he...View the full answer

Intermediate Microeconomics and Its Application

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