Please follow this link, https://www.npr.org/2020/05/28/864335677/theory-vs-reality-why-our-economic-behavior-isnt-always-rational (Links to an external site.), to a short synopsis and audio clip on this debate.
For your assignment, provide your opinion on the debate.
Do you believe individuals make decisions in a rational manner?
Do you always behave in a rational manner?
Is the rational behavior assumption more applicable to microeconomics or macroeconomics? Or neither? Explain your opinion.
In addition, provide your thoughts on the following. A father is trying to decide between spending $100 on a gift for his daughter or donate the $100 to his favorite (legitimate) charitable organization. Which decision is the rational decision? Explain your reasoning.