How the limited self-interest of humans impacts

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1. Describe how the limited self-interest of humans impacts their ability to maximize their welfare. If you project into the future, what effects can be foreseen on future generations?

2. Provide an example of a recent occurrence when you either procrastinated about a purchase or impulsively made a purchase. Discuss what made you behave that way or describe the circumstances that caused you either to procrastinate or impulsively make the purchase.

3. Using what you now know about the field of behavioral economics, describe the new insight you have on the behavior you described above.

Reference no: EM13214958

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