Behavioral economics assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.
Behavioral economics is basically the study of psychology as it relates to economics.
Answer:Charles Darwin believed in the theory of NATURAL SELECTION,which can also be called SOCIAL DARWINISM which tries to establish the survival of the fittest within a POPULATION.
Naturalism Theory as stated by Stephen Crane and Jack Johnson they believe that human beings are not rational in taking decisions about their destinies,they believe human beings are blind victims of forces beyond their control,including their own subconscious impulses.
Explanation: The world today is following the Ideas, theories and believes of many scientists like Charles Darwin who stated the law of NATURAL SELECTION where he believes that society through certain conditions shapes itself and determine who and what survives within it.
Stephen Crane and Jack Johnson are also another scientist whose idea is still being felt today most of the activities of man are not rational, examples includes the pollution taking place which is currently the reason for Climate change and Global warning are irrational acts of Humans.
Answer: A good credit score, so you can save more money.
An emergency fund is a financial safety net for future mishaps and/or unexpected expenses. Financial planners recommend that emergency funds should typically have three to six months' worth of expenses in the form of highly liquid assets. Savers can use tax refunds and other windfalls to build up their fund.
