when economists make their models, they assume that people are rational. However, actual human behavior is often impulsive and irrational. this video describes the notion of irrational human behavior by illustrating the fundamentals of behavioral economics. the assignment requires a 1 – 2 page summary of the key concepts covered in the video. while working on this assignment, please use examples where ever possible. you may use your own examples or the ones provided in the video. video link: https://www.youtube.com/watch?v=dqxQ3E1bubI

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