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Please label the statements as true or false regarding rationality.
a. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop.
b. Rational people will always choose the option that maximizes income.
c. The rationality assumption is used to simplify models. Risk aversion is an example of irrationality.
d. One of the root causes of credit card overuse is due to mental accounting.
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Please label the statements as true or false regarding rationality.
a. You are currently in a labe...
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