Question: What are some problems associated with the traditional assumption made by economists that consumers are rational people? People are overconfident. People give too much weight

What are some problems associated with the traditional assumption made by economists that consumers are rational people?
People are overconfident.
People give too much weight to a small number of vivid observations.
People are reluctant to change their minds even when presented with ample evidence contrary to their original opinion.
All of the above are problems asspciated with the assumption that people are rational.
What are some problems associated with the

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