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.

What is the difference between classical economics and behavioral econ

1.	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.
Answer» ssical economics REFERS to the 19th CENTURY Economics with BEHAVIORAL economics deals with the modern economics is a good to provide the basic and the terms conduct conduct in the RBI