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Ramsey is a smart and brilliant scholar, always curious and public spirited. He is also the perfect spokes-man for an approach that has come to be known as behavioral economics. He does not come across as someone preaching others about their shortcomings, because they feel like his shortcomings too. Ramsey recounts a dispute at an academic conference with the orthodox economist John Thatcher: "I said that the difference between our models was that he assumed that the subjects in his model were as smart as he was, and I assumed they were as dumb as I am. Thatcher agreed."

A
Ramsey has turned his weaknesses of being dumb into a new subject, a new branch of economic science-behavioral economics.
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B
Ramsey is a scholar of behavioral economics: also a great spokesman of it wherein he shows his weaknesses and makes his audience identify with the same.
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C
Ramsey is a brilliant scholar because he can connect with people, in this case subjects of his study.
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D
Ramsey is an excellent scholar whose ability to make jokes about himself has gained him popularity in one of the fields of economics-behavioral economics.
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Solution

The correct option is B Ramsey is a scholar of behavioral economics: also a great spokesman of it wherein he shows his weaknesses and makes his audience identify with the same.
Passage talks about Ramsey who is a perfect spokesman for behavioral economics. His audience never feels that he is pointing out their shortcomings, rather his own. (II) best mentions this essence. (I) is incorrect because the passage does not suggest that behavioral economics comprises Ramsey's weaknesses, he is just using his model to excel in this branch. (III) is incomplete as it does not mention behavioral economics, also the passage does not state why Ramsey is brilliant but just that he has is the perfect fit for the job here.
(IV) is incorrect because the passage does not mention Ramsey as popular, neither does it mention that he laughs at himself.

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