ECONOMIC DECISIONS

How People Make Economic Decisions

How People Make Economic Decisions

Introduction

When we see around us, we can see very clearly that every day we taking "economic" decisions. The decisions, which are taking on a daily basis, based on three "economic" ideas. The "economic" ideas, when people taking decisions their behaviors would be rational. They think about the economic incentives, and most individuals have optimal decisions that made at the margin (Hubbard & O'Brien, 2006).

Discussion

The first principle of the decision making is that people are rational and that they should know everything and be able to make the best decision. People that ...