Bounded rationality and bounded self-interest
This sub-topic introduces core behavioral economics concepts that critique neoclassical assumptions about decision-making. You will learn why real actors rarely act as fully rational or purely self-interested, and how to apply these ideas in IB exams.
📖Study Guide
In-depth bilingual notes with worked past paper examples.
✍️Practice Exam
Timed practice questions with mark scheme grading. Coming soon.
🎴Flashcards
Spaced repetition for key concepts and definitions. Coming soon.
📊Visualizer Coming Soon
Interactive plots and diagrams to build intuition. Coming soon.
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