Question

According to behavioral economists, people's preferences toward a particular outcome Multiple Choice differ across people but are fixed for any given individual. are context independent because the same state of being is created regardless of one's previous circumstances. depend primarily on genetics rather than environmental or contextual forces. depend heavily on the contextual information that defines whether that outcome is a gain or a loss.

Answer 1

Answer:

depend heavily on the contextual information that defines whether that outcome is a gain or a loss.

Explanation:

Hello! Behavioral economics seeks to understand people's actions in a more “human” way, understanding that people act in one way or another (not always rational) based on different “ biases ". The idea is that we make decisions that maximize our well-being, such as earning more money.

Thanks for your question!