Name two advantages of the behavioral model.
A. They better match observed behavior.
B. Each model depends on a specific context and they are not easily generalized to other contexts.
C. Broader building blocks free researchers to look for more patterns in the data.
D. Irrational behavior results in complicated models that are often difficult to solve.
E. They assume people are rational, which better matches reality.
F. All economists agree the assumptions of the behavioral model are realistic.