What do neoclassical economics and behavioral economics believe about giving people options?

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Paramjeet ChawlaLv8

24 Sep 2020

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Behavioral economics is a descriptive theory: it attempts to model how people actually behave. Neoclassical economics is at least partially a normative theory - it says how people should behave in order to act rationally. Do you believe that people should strive to behave rationally and avoid behavioral effects, or is that not a worthwhile goal? Why or why not?

What is neoclassical economics and behavioral economics?