Arrange the following steps in the decision-making process according to behavioral economics: A) Identify the competing wants and needs, B) Evaluate the potential trade-offs, C) Make a final decision, D) Analyze the outcomes of the decision.

In the decision-making process according to behavioral economics, the first step is to identify the competing wants and needs. This means understanding what you truly desire and what you might have to give up to get it. Next, you evaluate the potential trade-offs, weighing the pros and cons of each option available to you. After considering these factors, you make a final decision based on your analysis. Finally, it’s important to analyze the outcomes of your decision to see if it met your expectations and to learn for future choices.