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Business, 24.06.2019 21:30 billy1123

What is the difference between classical economics and behavioral economics? 1: classical economics deals with investing money and behavioral economics deals with spending. 2: classical economics refers to 19th century economics while behavioral economics deals with modern economics. 3: classical economics assumes people are rational and logical while behavioral economics adds psychology to the mix. 4: there is no difference. they are different terms for the same thing.

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