Is the rationality assumption always valid?
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One major point of disagreement between neoclassical economics and behavioural economics is the assumption of rationality.
6) The three limitations on human rationality that behavioural economics emphasizes are A) bounded rationality, bounded will-power, and bounded utility. B) bounded rationality, bounded surplus, and bounded utility. C) bounded rationality, bounded utility, and bounded self-interest. D) bounded rationality, bounded will-power, and bounded self-interest. E) bounded utility, bounded will-power, and bounded self-interest.