Neoclassical theory suggests that to the extent impulse buying occurs, it is infrequent and does not affect the ability of economic models to predict behavior.

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Aastha Bhasin · Accepted Answer

Final Answer : True, Explanation :  Neoclassical theory assumes that consumers are rational and have stable preferences, implying that impulse buying, which deviates from rational decision-making, would be an infrequent occurrence and not significantly impact the predictive power of economic models based on rational choice theory.

Neoclassical theory suggests that to the extent impulse buying occurs, it is infrequent and does not affect the ability of economic models to predict behavior.

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